At KASE dollar firmed against increasing demand of BST

/IRBIS, Feb.25, 00/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros were held at Kazakhstan stock exchange (KASE) with TOD payment terms. 19 banks participated in the trades. Today the Exchange currency market became noticeably alive. The participants were working with all the currencies, and not only with the U.S. dollars. Today the trades in U.S. dollars opened at 140.11 tenge per unit. Total of 62 deals were made. Weighted average dollar exchange rate equaled to 140.12 (+0.06) tenge per unit. Volume of the session - $4.275 mln (+$1.505 mln). Exchange rate fluctuation during the trade - 0.09%. The trades were closed at 140.12/14 tenge per dollar. The conjuncture of the trades in dollars changed some. The number of participants has grown, and they were active in both selling and buying the American currency. With that the first half of the session was characterized by prevalence of demand over supply (thanks to four major buyers), which caused the exchange rate of the dollar to soar steadily up to the maximum level of the day - 140.20 tenge per unit. The second half of the trade went on under a different conjuncture. Most of the demand has been satisfied already, and the sellers were not able to raise the market anymore. Knowing that the exchange rate reached the top, some dealers began to fix their profits and switched from buying into selling. Supply of dollars topped over the demand and the exchange rate of the dollar fell quickly. By the results of the trade, it can be said today the market did not seem to be balanced at all. Resulting upward trend was absolutely vivid, since the most of the deals were made by the dealers at ever increasing price of USD. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at 140.13/20 tenge per unit. Two hours later - 140.18/22. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at 140.19/22. Price of the last deal was 140.20 tenge per dollar. Deutsche mark, morning session, TOD: two deals were made, weighted average rate - 71.20 (-0.80) tenge per unit, volume - DEM25 (+20) th. Closing quotations - 70.95/73.00 tenge for mark. Euro, morning session, TOD: one deal was made for - 139.15 (-1.31) tenge per unit, volume - EUR5 (-95) th. Closing demand - 138.70/139.15 tenge for euro.