At KASE market of the dollar stabilizes as traders become noticeably active

/IRBIS, March 27, 01/ - Today the next morning trades in U.S. dollars, Deutsche marks and euros were held at Kazakhstan Stock Exchange (KASE) on TOD payment terms. Twenty one banks participated in the trades. The trades in U.S. dollars opened at KZT145.45 per unit. Total of 95 deals were made. Weighted average dollar exchange rate equaled to KZT145.49 (+0.04) per unit. Volume of the session - $4.815 mln (-$5.365 mln). Exchange rate fluctuation during the trade - 0.04%. The trades were closed at KZT145.48/49 per dollar. Today the participants of the currency trades become noticeably active, demonstrating their interests in both buying and selling the dollars. Under the influence of the events that took place yesterday the sellers were able to get the buyers into the strong opening of the market: dollar was traded on small volume deals at the beginning of the session at KZT145.51 per unit. However, it was not possible to get buyers' absolute support. Growing supply moved the market to KZT145.49, then to KZT145.48 by closing of the trades. The dollar was at these levels for about an half an hour, demonstrating an approximate parity between the demand and supply. The results of the session makes it possible to talk about the absence of big volume of demand for the dollar from the BST. Some traders are apparently trying to speculate on a current trend, though they are working with small volumes, and therefore, are unable to destabilize the market. At closing of the morning trades dollar was at KZT145.45/50 per unit out of the Exchange, one hour later bids did not change. At the day session of KASE on TOD payment terms at 12:30PM the dollar was at KZT145.46/49 per unit. So far, no deals were made. Deutsche mark, morning session, TOD: no deals, closing prices were absent. Euro, morning session, TOD: no deals, closing prices were absent.