Rapid growth of USE driven by bonus issues, increased prices
Stanbic Bank’s staff attend to a client during a banking expo in Kampala. The bank is the largest local company in market capitalisation in Uganda. PHOTO | FILE
Bonuses and a rise in equity prices have led to rapid growth in the market capitalisation of local companies listed on the Uganda Securities Exchange.
The value of eight local companies that were listed mainly as a result of privatisation of previously State-owned parastatals has now reached Ush3.62 trillion ($1,27 billion).
