At KASE USD exchange rate keeps rising on the background of sharp decline in supply of dollars from BST

/IRBIS, March 10, 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. 20 banks participated in the trades. Today the trades in U.S. dollars opened at KZT141.35 per unit. Total of 80 deals were made. Weighted average dollar exchange rate equaled to KZT141.37 (+0.12) per unit. Volume of the session - $2.485 mln (-$3.855 mln). Exchange rate fluctuation during the trade - 0.02%. The trades were closed at KZT141.35/36 per dollar. As expected, demand of the banks of the second tier for the dollars has sharply fallen compared to previous trades. It is more likely to be caused by placements on primary market for SS that was held by the Ministry of finance and the National Bank yesterday. Today there was only one participant who was buying USD in essential quantities, and he was probably fulfilling client orders. Other traders refrained themselves to symbolic amounts. However, supply of dollars from the BST was also minimal. It allowed the sellers to successfully raise the exchange rate of USD at the beginning of the trade. Then the market has stabilized within KZT141.36 - 141.37 per unit interval mainly thanks to the activities of a single seller. It should be noted that most of the traders preferred to buy the American currency today. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at KZT141.35/37 per unit. Two hours later - KZT141.33/37. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at KZT141.33/37. Deutsche mark, morning session, TOD: no deals were made. Closing quotations - KZT69.81/70.10 for mark. Euro, morning session, TOD: no deals were made. Closing quotations - KZT136.60/137.00 for euro.