At KASE USD exchange rate keeps rising under unchanged market conjuncture

/IRBIS, March 9, 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. 17 banks participated in the trades. Today the trades in U.S. dollars opened at KZT141.30 per unit. Total of 81 deals were made. Weighted average dollar exchange rate equaled to KZT141.25 (+0.14) per unit. Volume of the session - $6.340 mln (+$2.510 mln). Exchange rate fluctuation during the trade - 0.04%. The trades were closed at KZT141.24/25 per dollar. The dollar Exchange market conjuncture still remains unchanged. Demand of the banks of the second tier is still high, which lets the dealers to raise the market the session after session. However, today the sellers were not able to get the dollar to firm throughout the trade. Demand was balanced by the sales of several banks that helped to maintain the market balanced within KZT141.24 - 141.25 per U.S. dollar price interval. These trades show that the general mood among the dealers regarding further growth in the exchange rate of the dollar remains. All these happen without any outrageous occurrences among the market participants. Current trend is accepted by the banks of the second tier and it seems to satisfy the National Bank. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at KZT141.23/27 per unit. Two hours later - KZT141.20/24. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at KZT141.22/25. Deutsche mark, morning session, TOD: no deals were made. Closing quotations were absent. Euro, morning session, TOD: no deals were made. Closing demand- KZT139.65 for euro, no offer.