MARKET INFORMATION
Rwanda Stock Exchange (RSE)
http://www.rse.rw/

 

Trading Hours

Open

09:00

 

Close

12:00

Time Zone

GMT+2

Trading Days

Monday – Friday

Trading Currency

Rwandan Francs (RWF)

 

Main Index

RSI

Reuters code

ALSIRW

Bloomberg code

RSEASI

Exchange Code

Reuters

RW

Bloomberg

RW

Trading ID/ Trading Requirements

CSD Account Number

Settlement Cycle

T+2

Current Index Status

No MSCI classification

No FTSE classification

Market Cap

$2.0bn
Average Daily Value Traded
YearAVG VALUE TRADED
2021 $20k
2022 $80k
2023 $27k
MARKET DYNAMICS

Stock Limit Up/Down

+/- 10%

from previous close and no ceiling cap on material announcements

Board Lot

Min. of 100 shares (Odd Lot Board not available.)

Crosses

Allowed in the market spread

Icebergs

Not available

All or Nothing

Not available

Off- Market Crosses

Available (needs approval from RSE)

Official Closing Price

Last traded price

MARKET REGULATIONS
Foreign Ownership Restriction
Foreigners can own up to 100% of all listed stocks
Disclosure Rules
A disclosure is required at the ownership of 1% of any listed company and the exchange’s approval is required before reaching 5%.
Securities Lending
not permitted
Short selling
not permitted
Crossing Restrictions
not permitted
Timeline for New NIN Setup
24hrs
MARKET FEES & TAXES
Regulated Commission

Up to Rwfs 100m - 1.5%

Above Rwfs 100m - Negotiated but subject to 1.25% minimum
Market Fees  0.21%  
Capital Gain Tax None
Withholding Dividend Tax 15% for foreign investors