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Cipla Quality Chemical Industries extends IPO by two business days
Cipla Quality Chemical Industries Ltd (CiplaQCIL) has extended by two business days, the Retail Offer period published in the Prospectus relating to the Initial Public Offering. This was at the request of the Capital Markets Authority and in order to accommodate the public holiday on 21st August 2018, according to a Press Statement that was […]
Local unit eases against foreign counterpart on petite forex volumes
The Uganda Shilling eased against its foreign counterpart on Thursday as petite volumes in the forex market limited any movements in the currency duo. The USD/UGX pair steadied at the 3680/3700 levels. Ahead of the weekend, a similar narrative is expected to hold as traders await fresh factors to give the shilling direction amid a […]
U.S dollar firms as markets await U.S China trade talks development
The shilling waffled to the weaker side at the start of the week as demand for the greenback dominated the trading session. Foreign currency inflows that gave the home unit a boost last week seemed to have fizzled out leaving the home unit weighed down by reviving dollar appetite from importers. Looking ahead, we expect […]