MARKET
INFORMATION
LUSAKA SECURITIES EXCHANGE
|
Trading Hours |
Pre-Open |
09:00 |
|
|
Open |
10:00 |
||
|
Close |
14:00 |
||
|
Time Zone |
GMT+2 |
Trading Days |
Monday – Friday |
|
Trading Currency |
Zambian Kwacha (ZMW) |
||
|
Trading ID/ Trading Requirements |
Local Custody Details |
||
|
Settlement Cycle |
T+3 |
||
|
Current Index Status |
MSCI Standalone No FTSE classification |
||
|
Market Cap |
$6.2bn |
||
Average Daily Value Traded
| Year | AVG VALUE TRADED |
|---|---|
| 2023 | $860k |
| 2024 | $100k |
| 2025 | $220k |
MARKET
DYNAMICS
Stock Limit
Up/Down
+/-25%
from previous close
Tick
Size
+/-0.01
Board
Lot
100 shares (odd lot board available)
Crosses
Allowed
Official
Closing Price
VWAP
MARKET
REGULATIONS
Foreign Ownership Restriction
No restrictions. Foreigners can own up to 100% of all listed stocks.
Disclosure Rules
At the ownership of 15% of any listed company, a public disclosure is required. Once a 35% threshold is reached, a mandatory general offer is triggered.
Securities Lending
Not permitted
Short selling
Not permitted
Timeline for New ID Setup
One business day for the local broker to link the account
MARKET
FEES & TAXES
| Market Fees | 0.50% (breakdown available) Commission regulated 1% |
| Capital Gain Tax | None |
| Dividend Tax | 20% withholding tax for foreign investors |