During the week, shares worth Shs785.4mn of locally listed companies were traded on the Uganda Securities Exchange, higher than the previous week's total turnover of Shs216.9mn. The volume of shares traded increased to 12,325,505 from 6,623,662 in the previous week. Bank of Baroda Uganda was the most traded stock with 4,288,100 shares, followed by Stanbic
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve s rate hike cycle boosted risk appetite..
Drug firm Cipla on Wednesday said its subsidiaries have completed the sale of a 51.18 per cent stake in Uganda-based Cipla Quality Chemical Industries Ltd (CQCIL).
Cipla (EU) Ltd, UK and Meditab Holdings Ltd, Mauritius, the wholly-owned subsidiaries of the company, have completed the stake