On Exchange market of USD deficit of tenge still exists

/IRBIS, March 15, 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. 16 banks participated in the trades. Today the trades in U.S. dollars opened at KZT141.43 per unit. Total of 73 deals were made. Weighted average dollar exchange rate equaled to KZT141.38 (+0.04) per unit. Volume of the session - $2.370 mln (-$1.770 mln). Exchange rate fluctuation during the trade - 0.09%. The trades were closed at KZT141.41/43 per dollar. Today strong opening of the session was not conceived by the dealers as an adequate price for continuing the trades further. The next deal has fixed the rate of the dollar at KZT141.30 per unit. But even this price was not a compromise price. An agreement between the buyers and the sellers was achieved at KZT141.33 per dollar, and it was this level from which the exchange rate of the dollar began to climb without a break practically throughout the trades. By the results of the session it becomes obvious that demand was slightly more than supply today. However, based on decline in volumes of the deals, demand did not increase relative to last trades. Simply, supply of dollars was small, and that caused the exchange rate of the American currency to jump. Leading operators of the market preferred to refrain themselves from any active moves. One hour after closing of the morning session on interbank market of Kazakhstan dollar was quoted at KZT141.35/40 per unit. Two hours later quotations did not change. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at KZT141.35/42. Deutsche mark, morning session, TOD: no deals. Closing demand - KZT70.00 for mark, no offer. Euro, morning session, TOD: no deals. Closing quotations- KZT136.41/80 for euro.