At KASE exchange rate of the dollar keeps falling under the deficit of funds of the banks

/IRBIS, March 21, 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. 18 banks participated in the trades. Today the trades in U.S. dollars opened at KZT141.52 per unit. Total of 101 deals were made. Weighted average dollar exchange rate equaled to KZT141.42 (-0.17) per unit. Volume of the session - $4.425 mln (-$640 th.). Exchange rate fluctuation during the trade - 0.09%. The trades were closed at KZT141.41/42 per dollar. In general, the market conjuncture did not change much today. Deficit of funds is still affecting the demand at the Exchange. However, dealers were almost equally active both at buying and selling dollars. And only uncomplying buyers caused the exchange rate of the dollar to fell quickly in the first half of the trades. In the second half of the session a balance was attained at KZT141.40 per unit level, and at last minutes of the trade dollar even got firmer. Results of the trades show that the banks still feel the deficit of free funds. Rates of the shortest money keep rising on interbank market. Today the banks of the second tier were willing to attract funds at 15% APR, and the offer price reaches 21% APR. Overnight of the National Bank - 20% APR, overdraft - 10% APR. One hour after closing of the morning session of KASE on interbank market of Kazakhstan dollar was quoted at KZT141.31/38 per unit. Two hours later - KZT141.34/40. In the day session of KASE with TOD payment terms at 12:30PM the dollar was at KZT141.34/39. Deutsche mark, morning session, TOD: no deals. Closing quotations - KZT70.50/60 for mark. Euro, morning session, TOD: no deals. Closing quotations were absent.