Just in:  

You are here: Home»Markets»FXMM»Middle East & Africa

Middle East & Africa


Ugandan shilling gains as Treasury auction depresses liquidity KAMPALA: The Ugandan shilling posted marginal gains on Wednesday, helped by scant supply of shillings in the runup to a Treasury auction and subdued dollar demand. At 0906 GMT commercial banks quoted the shilling at 3,670/3,680, stronger than Tuesday's close of 3,680/3,690. "There's significant tightness in liquidity because the auction has taken away some of the money," said Faisal Bukenya, head of market making at Barclays Bank. Bank of Uganda (BoU) was due later on Wednesday to release results of a Treasury bill auction for 170 billion shillings ($46 million) in various tenors. Such auctions typically support the local currency by attracting inflows of dollars from offshore investors. Analysts, though, have said foreign investors' appetite for Ugandan debt has turned tepid, despite high yields, due to the shilling's sharp depreciation. Bukenya said there was also a slump in dollar demand from corporates as most were unwilling to buy at current ...

Egyptian pound steady at official auction, weaker at exchange bureaus CAIRO: Egypt's central bank kept the pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday, and the currency was weaker at exchange bureaus. The central bank said it had offered $40 million and sold $37.8 million at a cut-off price of 7.7301 pounds per dollar, unchanged from the rate at the last auction on Sunday. The central bank kept the pound at 7.5301 for five months until July, when it allowed ...
Ugandan shilling falters on liquidity, central bank intervention eyed KAMPALA: The Ugandan shilling was a notch weaker on Tuesday, undermined by an ease in local currency liquidity and month-end demand but the an anticipated central bank intervention was seen lifting confidence in the shilling. At 0911 GMT commercial banks quoted the shilling at 3,670/3,680, from Monday's close of 3,660/3,670. Shahzad Kamaluddin, trader at Crane Bank, said Bank of Uganda (BoU)'s injection of 134 billion shillings ($36.51 million) into the market on Friday via a ...
Kenyan shilling weakens on heavy dollar demand; stocks up NAIROBI: The Kenyan shilling weakened against the dollar on Monday as telecom and energy companies snapped up the US currency to meet their regular end-month demands.At the 1330 GMT close, commercial banks quoted the shilling at 104.00./10 to the dollar, from Friday's close of 103.80/90."We have some heavy corporate end-month demand," one Nairobi-based trader said.The shilling has also come under pressure from global market turmoil, with foreign investors withdrawing funds from emerging markets.The shilling, down ...
Ugandan shilling sags with few dollars coming in KAMPALA: The Ugandan shilling was weaker on Monday and may lose further ground, testing a key psychological level, if the central bank does not intervene on the supply side. At 1039 GMT commercial banks quoted the shilling at 3,665/3,675, weaker than Friday's close of 3,645/3,655."The main factor weighting on the shilling is that there are no significant inflows" of dollars," said Faisal Bukenya, head of market making at Barclays Bank. Last week, Bank of Uganda ...
Nigerian naira weakens 2.3pc against dollar on black market LAGOS: The Nigerian naira weakened against the dollar on Monday on the parallel market after a boost in liquidity and a surge in demand for dollars, traders said. The naira was trading at 218 to the dollar in the bureau de change market, 2.34 percent weaker than the 213 it closed at on Friday. "There is an upsurge in demand for the dollar due to increase in liquidity in the system, with some buyers wiling ...
Kenyan shilling holds steady, liquidity pressure expected NAIROBI: The Kenyan shilling was steady against the dollar on Monday but expected to come under pressure from strong liquidity in the money markets. At 0725 GMT commercial banks quoted the shilling at 103.80/104.00 to the dollar, barely changed from Friday's close of 103.80/90. "In the money market there is quite a bit of liquidity and we still keep getting customers who are interested in buying (dollars). I don't see why the shilling would gain," ...


Index Closing Chg%
Arrow DJIA 16,058.35 2.84
Arrow Nasdaq 4,636.11 2.94
Arrow S&P 1,913.85 2.96
Arrow FTSE 6,058.54 3.03
Arrow DAX 10,015.57 2.38
Arrow CAC-40 4,541.16 2.40
Arrow Nikkei 18,165.69 3.84
Arrow H.Seng 21,185.43 2.24
Arrow Sensex 25,696.44 2.23

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln