MARKET INFORMATION
Uganda Securities Exchange (USE)

 

Trading Hours

Pre-opening session

9:00 – 9:30

Open

09:30

Close

13:00

Time Zone

GMT+3

Trading Days

Monday – Friday

Trading Currency

Ugandan Shilling (UGX)

 

Main Index

 

Reuters code .

ALSIUG

Bloomberg code

UGSINDX

Exchange Code

Reuters .

.UG

Bloomberg

UGX

Trading ID/ Trading Requirements

CDS account number

Settlement Cycle

T+3

Current Index Status

No MSCI classification


No FTSE classification

Market Cap

$5.0bn

Average Daily Value Traded
YearAVG VALUE TRADED
2021 $40k
2022 $30k
2023 $66k
MARKET DYNAMICS

Stock Limit
Up/Down

+/-15%


from previous close and no ceiling cap on material announcements

Tick
Size

Price Range

Tick
Size

From

TO

Below or equal to UGX 19.9

0.10

From UGX
20 - 49.90

0.25

From UGX 50 - 99.9

0.50

Above or equal ro UGX 100

1.00

Board
Lot

100 shares. (Odd Lot Board available.)

Crosses

Crossing permitting during market spread

Off- Market
Crosses

Not permitted

Official Closing Price

VWAP price

Iceberg

Not available

MARKET REGULATIONS
Foreign Ownership Restriction
No FOLs apply. Foreigners can own up to 100% of any listed stock
Disclosure Rules
The exchange’s approval is required before reaching 5% or more of any listed company.
Securities Lending
Not permitted
Short selling
Not permitted 
Crossing Restrictions
N/A
Timeline for New NIN Setup
3 business days
MARKET FEES & TAXES
Market Fees
(regulated)

30 bps
(breakdown is available)
Capital Gain Tax None
Dividend Withholding Tax  10% for local investors
15% for foreign investors

 

Regulated Brokerage Scale

First UGX 200m 1.7%
Next UGX 800m 1.5%
Anything over UGX 1bn 0.8%