The Uganda Shilling gained significant ground on account of offshore inflows coupled with interbank unwinding long dollar positions during the week ending 5th October 2018. The latest shilling rally came amidst Central Bank monetary policy tightening on worries over growing inflationary pressures. Trading was in the range 0f 3770/3780. In
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The Uganda shilling was on the back foot due to a surge in demand from the interbank, manufacturing and energy sectors, touching fresh lows of 3800/3810 during the week ending 14th September 2018. For the first time in weeks, the unit breached key level of 3800. In the interbank money
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By close of the week ending 7th September 2018, the Uganda Shilling held in a relatively tight range with the market bracing for a pickup in dollar demand from corporate players. Trading was in the range of 3772/3782. In the interbank shilling market, overnight funds traded at 6% while one
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The Uganda shilling held steady against the dollar due to subsiding demand activity on the back of end month inflows that provided adequate supply during the week ending 31st August 2018. Trading was in the range of 3750/3760. In the interbank money market, overnight funds traded at 6% while one
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The Uganda shilling weakened as the lingering political events triggered a negative sentiment that led to building dollar positions by market players. Trading was in the range of 3750/60 during the week ending August 24, 2018. In the interbank money market, rates held steady to trade at 6% and 9%
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The Uganda shilling inched down undercut by a pickup in demand from local and offshore players during the week ending August 17, 2018. The volatile urgency touched fresh lows to trade at 3765/3775. In the interbank money markets overnight and one week funds held at the previous week's level of
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Cipla Quality Chemical Industries Limited (CiplaQCIL), a pharmaceutical manufacturing company in Uganda has announced its Initial Public Offer (IPO) by floating a total of 657,179,319 shares on to the Uganda Securities Exchange (USE). The total shares floated represent 18% of all the shares owned by the company. Cipla Ltd,
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The Uganda shilling gained ground as commercial banks liquidated long dollar positions increasing supply in the market alongside offshore flows targeting the bond auction during the week ending 10th August. Trading was in range of 3663/3673. In the interbank money market, overnight funds held at previous week's level, trading at
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The Uganda shilling was relatively stable supported by end month flows from charities amid subdued demand during the week ending 3rd July 2018. Trading was the range of 3690/3700. In the interbank money market, overnight funds traded at 6% while one week traded at 9%. In fixed income market, Shs
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The Uganda shilling traded in a tight range, slightly weakening on account of commercial banks squaring positions during the week ending 27th July 2018. Inflows were sufficient to keep the volatility in check. Trading range was 3785/3795. In the interbank money market, overnight funds traded at 6% while one week traded
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