Uganda Securities Exchange
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| Uganda Securities Exchange | |
|---|---|
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| Type | Stock Exchange |
| Founded | June 1997 |
| Headquarters |  Kampala |
| Key people | Simon Rutega, CEO Judy Obitre Gama, Manager, Legal & Surveillance Department Harriet Kiwanuka, Manager, Trading Research & Market Development Department |
| Industry | Finance |
| Products | Stock trading services |
| Employees | 13 |
| Website | http://www.use.or.ug/index.php |
The Uganda Securities Exchange is Uganda's principal stock exchange. It was founded in June 1997. The USE is operated under the jurisdiction of Uganda's Capital Markets Authority, which in turn reports to Uganda's central bank, the Bank of Uganda.
The exchange's doors opened to trading in January 1998. At the time, the Exchange had just one listing, a bond issued by the East African Development Bank. Trading was limited to only a handful of trades per week.
The USE currently trades Nine listed local and East African companies and has started the trading of Fixed Income instruments. The stock exchange is open 5 days a week and is a member of the African Stock Exchanges Association.
The USE operates in close association with the Dar-es-Salaam Stock Exchange in Tanzania and the Nairobi Stock Exchange in Kenya and plans are already underway to integrate the three to form a single East African bourse.
Trading Actual trading takes place on Mondays, Tuesdays and Thursdays only. Trading is by use of the open outcry method. An automated trading platform is being considered.
[edit] Market listing
| Symbol | Company | Notes |
|---|---|---|
| BOBU | Bank of Baroda Uganda (Bank of Baroda) | Finance, banking |
| BATU | British American Tobacco Uganda (British American Tobacco) | |
| DFCU | DFCU Group | Finance, banking |
| EABL | East African Breweries | |
| JHL | Jubilee Holdings | Insurance |
| KA | Kenya Airways | Aviation |
| NVL | New Vision Printing and Publishing | Printing, Publishing |
| SBU | Stanbic Bank | Finance, banking |
| UCL | Uganda Clays | Manufacturing, Construction |
- East African Breweries and Kenya Airways are crosslisted at both the Nairobi Stock Exchange and the Dar es Salaam Stock Exchanges.
- Jublilee Holdings is crosslisted on the Nairobi Stock Exchange.
[edit] See also
[edit] External links
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