The local currency remained marginally firm against limited market activity on both demand and supply counters trading in the range of 3720/30. In the shilling interbank money market liquidity remained adequate with overnight funds quoted at 3% while one week funds at 4.3%. In other notable economic news, inflation for
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The local currency held firm with demand and supply dynamics evenly balanced during the week ending June26, 2020. Trickle in supply from charities was seen, but did not drive any momentum against subdued market activity. Bid and ask held at 3732/3742. While in the interbank shilling market, liquidity levels remained
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It was sideways trading for the local currency, staying fairly stable with no distinct trend as supply and demand remained evenly matched during the week ending June19, 2020. The shilling was further backstopped by the Central Bank monetary operations that mopped up excess liquidity in the money markets. The bid
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The local currency was range bound in a market characterized by minimal activity during the national budget week with markets keenly following new pronouncements that would define the direction of the unit going forward. The shilling was quoted at 3730/40 on the bid and ask.The interbank shilling was awash with
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Trading at USE The COVID -19 pandemic has disrupted holding of Public listed Companies’ 2020 Annual General Meetings (AGMs) per their respective planned calendars. On 17th April 2020, Uganda Securities Exchange (USE) issued a market notice recommending interalia the deferral of scheduling AGMs which had not yet been called, postponement
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The Uganda Shilling remained stable for most of the trading session, opening the week in the range of 3788/98 and closing at 3785/95 during the week ending May22, 2020. The local currency was supported by hard currency flows from the treasury auction and commodity exports amid depressed importer demand for
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The Uganda Shilling strengthened slightly on improved forex supply coupled by BOU mop operations that removed from the system 690 billion equivalent to 182 million dollars through REPO transactions and a deposit auction. Closing quotes for local currency in the week ending May 15, 2020 were at 3785/95 compared to
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The COVID-19 pandemic has caused uncertainty, leaving investors fleeing Uganda for safer havens. “The COVID-19 pandemic has also caused a lot of panic and uncertainty in global financial markets, with some markets experiencing unprecedented dramatic declines, resulting in a significant loss of wealth. In times of such turbulence and uncertainty,
Read MoreThe Uganda Shilling closed the week steady riding on the positive sentiment generated by the news of IMF disbursement of Shs1.8 trillion designed to assist the country deal with the economic effects of COVID 19. Trading was in the range of 3795/3805 during the week ending May08, 2020. In the
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Drug maker, Cipla Quality Chemical Industries Limited commonly known as Quality Chemicals, has issued a profit warning, informing shareholders and people who intend to buy its shares that it recorded a loss in the first quarter of 2020 compared to a profit posted over the same period in 2019. In
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