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Browsing: Uganda Stock Market
The onset of Covid-19 brought numerous economic challenges to the region. Significantly affected are the barometers of the economy which are mainly the securities markets as well as money markets. The manner in which these two react clearly depicts where the economy is headed. When Covid-19 descended on the region, the regional markets were the first ones to show, responding to the decline of global shares in known markets like New York Stock Exchange, London Stock Exchange and similar markets in Europe, Asia and Africa.
In East Africa, the main markets are Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange (DSE), Uganda Stock Exchange (USE) and Rwanda Stock Exchange (RSE). The NSE and DSE are both automated while the USE and RSE are still manual using the open-outcry trading system. Unlike the other three Partner States, Uganda also has an over-the-c…