Euro Gains over US Dollar and Local Currencies

Bank of Kigali had a relatively exciting share trading as counters closed

After days of staggering, the Euro has gained its buying and selling power against the Rwandan franc in the past two days.

On Tuesday the Euro bought at Rwf993.3 and sold at Rwf1013.2 compared to previous day at Rwf979.3 and Rwf998.9330 respectively.

Just like regional currencies, the US dollar didn’t make much fluctuations as it got stuck around and almost the same bargaining power from last week buying between Rwf834 and selling Rwf850.

The local bourse showed a good performance as both stock and shares index went up 1.51 and 0.21 points then closed at 133.40 and 133.20 respectively.

Today’s trading session recorded a total turnover of Rwf10, 263,900 from 45,500 shares traded in 10 deals.

Bank of Kigali had a relatively exciting share trading as counters closed at Rwf 290(Rwf283 previous).

The bank shares performance is attributed to interest free loans for youth entrepreneurs in which on December 13th, the winner out of five finalists will be unveiled at the inaugural Rwf60 million interest-free financing for innovative start-ups under the lender’s Urumuri initiative.

On the other hand, the trading session recorded a total turnover of Rwf 7,263,900 from 25,500 shares traded in 7 deals.

However, the Bralirwa (BLR) didn’t have much to be excited about as counter remained idle closing at Rwf150 (Rwf 150 previous).




Leave a Comment