MARKET INFORMATION
Zimbabwe Stock Exchange
http://www.zse.co.zw/

 

Trading Hours

Pre-Open

09:00 – 09:30

Continuous Trading

09:30 - 13:00

Time Zone

GMT+2

Trading Days

Monday – Friday

Trading Currency

Zimbabwean Dollar (ZWL)

 

Main Index

Zimbabwe All Share Index

Reuters code .

.INDZI

Bloomberg code

ZHIALLSH

Exchange Code

Reuters .

.ZW

Bloomberg

ZH

Trading ID/ Trading Requirements

Local custody details

Settlement Cycle

T+3

Current Index Status

MSCI Standalone No FTSE classification

Market Cap

$1.2bn
Average Daily Value Traded
YearAVG VALUE TRADED
2021 $350k
2022 $520k
2023 $369k
MARKET DYNAMICS

Stock Limit
Up/Down

+/-20%
_______________________
but stock priced below USD 0.01 can fluctuate
 +/-100%

Tick
Size

Price Range

Tick
Size

From

TO

Up to to 0.0500

0.0001

0.0500<0.1000

0.0002

0.1000<0.5000

0.0005

0.5000<5.0000

0.0025

5.0000<10.0000

0.01

10.0000<999,999

0.05

Board
Lot

None

Crosses

Crossing can be done in market spread during the regular trading hours.

Off- Market
Crosses

None

Official
Closing Price

VWAP

MARKET REGULATIONS
Foreign Ownership Restriction
Foreigners can own 100% of all listed except in Diamonds and Platinum companies where they can only own 49%
Disclosure Rules
At the ownership of 35% of any listed company, a public disclosure is required.
In case this level got breached then the shareholder will be required to submit an offer for the minorities or reduce his stake
Securities Lending
Not permitted
Short selling
Not permitted
Crossing Restrictions
None
Timeline for New ID Setup
2 business days
MARKET FEES & TAXES
ZSE Buying (%) Selling (%)
Brokerage Fees
(regulated)		 0.92% 0.92%
Securities and Exchange Commission Levy 0.16% 0.16%
Zimbabwe Stock Exchange Levy 0.10% 0.10%
CSD Levy 0.10% 0.10%
Stamp Duty 0.25% -
Capital Gains Withholding Tax - 1.00%
Investor Protection Levy 0.025% 0.025%
VAT @14.5% on Brokerage 0.1334% 0.1334%

Total Transaction Costs

 1.6884% 2.4384 %

 

 

VFEX Buying (%) Selling (%)

Brokers Commission

0.600%

0.600%

VAT (14.5% of brokerage)

0.087%

0.087%

CSD Levy

0.040%

0.040%

Stamp Duty

0.250%

0.000%

VFEX Levy

0.150%

0.150%

SECZ Levy

0.150%

0.150%

Capital Gains tax Nil 1%

0.000%

0.000%

Total

1.277%

1.027%

Total Transaction Costs

 1.6884% 2.4384 %