At KASE tenge keeps firming as the supply grows sharply and demand for USD of the BST falls

/IRBIS, July 12, 00/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros with TOD payment terms were held at Kazakhstan stock exchange (KASE). 18 banks participated in the trades. Today the trades in U.S. dollars opened at KZT142.80 per unit. Total of 82 deals were made. Weighted average dollar exchange rate equaled to KZT142.70 (-0.05) per unit. Volume of the session - $9.495 mln (+$7.365 mln). Exchange rate fluctuation during the trade - 0.08%. The trades were closed at KZT142.70/71 per dollar. Today the U.S. dollar market of the Exchange became active again. The volume of the American currency flowing into the trade floor has grown sharply. Apparently, the banks were preparing to participate at the notes offering auctions on Wednesday and Thursday. The supply of dollars was obviously exceeding demand, which could be felt throughout the trades. The exchange rate of the dollar was inclined to fall and only large volume of purchases of one of the traders did not allow the market to go below KZT142.69 mark. The purchases of this participant helped to stabilize the market within KZT142.69 - 142.70 interval in the second half of the session. One hour after closing of the morning session on interbank over-the-counter market of Kazakhstan dollar was quoted at KZT142.64/68 per unit. Two hours later - KZT142.66/70. At the day session of KASE with TOD payment terms at 12:30PM the dollar was quoted at KZT142.67/70 per unit. Deutsche mark, morning session, TOD: 1 deal, price - KZT69.50 (0) per unit, volume - DEM5 (-145) th. Closing quotations - KZT69.50/80 for mark. Euro, morning session, TOD: no deals. Closing demand - KZT135.40 for euro, no offer.