Nairobi Securities Exchange (NSE) investors yesterday lost KSh11.44 billion (over UShs388bn) as the cloud of political uncertainty that has persisted since the September 1 nullification of the presidential election intensified with news that electoral agency commissioner Roselyn Akombe had resigned and fled the country, reports the Daily Nation. Dr Akombe’s decision
Read More
The Uganda Shilling weakened and breached the key resistance level and traded above the 3600 during the week ending 13th October 2017, driven by the surge in demand from importers and inter-bank. After months of stability, trading was in the range of 3620/3630. In inter-bank money market, overnight funds traded
Read More
The Uganda shilling was relatively stable following the Central Bank slight reduction of the policy rate from 10% to 9.5% during the week ending 6th October 2017. Market demand and supply dynamics were at par, with some players seen building positions ahead of a short trading week of independence holiday.
Read More
The Uganda shilling held firm on account of improved end month inflows despite protests against age limit removal motion that dominated the week. Trading was in the range of 3595/3600 during the week ending 29th September 2017. In the inter-bank shilling market, overnight funds traded at 8% while the 1 week
Read More
The Uganda shilling was stable during the week ending 22nd September 2017 supported by the Central Bank tightening through repo operations while supply and demand remained fairly balanced. Trading was in the range of 3590/3600. In the regional currencies, the Kenya shilling held its ground as markets expected the Central
Read More
The Uganda Shilling was relatively stable supported by buoyant inflows on account of portfolio flows targeting the government securities market amid weak demand during the week ending 15th September 2017 Bank of Uganda open market operations also rendered some support. Trading was in the range of 3595/3605. In the fixed
Read More
The Uganda shilling maintained a firm stance, trading in the range of 3595/3605 supported by improved inflows mainly from commodities. Demand remained low during the week ending 8th September 2017. In the interbank money market, there was sufficient liquidity; rates remained stable with overnight funds trading at an average of
Read More
The Uganda Shilling maintained a stable stance, supported by end month inflows mainly from NGO's and commodities amid very low demand levels in the market during the trading week ending 31st August 2017. Trading was in the range of 3585/3595. Similarly, in the interbank money market, rates remained stable with
Read More
The Uganda shilling held its ground in a flat market as demand remained weak for the week ending 25th August 2017. Trading was in the range of 3595/3605. In the interbank money market, the Shilling rates were equally stable trading at 7% for overnight and 10 % for 1 week
Read More
The Uganda Shilling was broadly stable for the week ending 18th August 2017 supported by inflows from coffee exports and other commodities against very low demand. Trading was in the range of 3695/3605. In the interbank money market, overnight funds traded at 7% while 1 week money traded at 10%.
Read More
