The Khartoum Stock Exchange is the principal
stock exchange of
Sudan. It is located in
Khartoum
Khartoum or Khartum ( ; ar, الخرطوم, Al-Khurṭūm, din, Kaartuɔ̈m) is the capital of Sudan. With a population of 5,274,321, its metropolitan area is the largest in Sudan. It is located at the confluence of the White Nile, flowing n ...
and its name is abbreviated to KSE. The principal
stock index
In finance, a stock index, or stock market index, is an index that measures a stock market, or a subset of the stock market, that helps investors compare current stock price levels with past prices to calculate market performance.
Two of the pr ...
of the KSE is the Khartoum Index.
The idea of KSE started in 1962 by Ministry of finance, bank of Sudan and
International Finance Corporation
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries. The IFC is a member of ...
(IFC). On 1964 a department for government bonds was established within the Bank of Sudan for issuing bonds. In 1966 the first government bonds were issued with a par value of
£S.15 million and ten years life.
The 1982 Act to establish KSE did not succeed. However, a serious step was taken in 1992 to establish KSE which led to the formation of KSE’s board. It was in 1994 that KSE gained its independent legal entity after the endorsement of KSE Act. In 1994 the primary market activities started and the secondary market stated early in 1995.
The classifications of listed companies began in 1999. In 2001 Shahama certificates were introduced in KSE. Khartoum index was declared in 2003. In 2007, KSE joined Africa Market Union.
While the KSE has been growing rapidly over the last few years and has 53 listed companies worth around 5 billion dollars, the stock exchange is open only one hour per day, Sunday through Thursday.
[Thompkins, Gwen,]
Influence In Sudan Is Subtle, Complicated
, ''NPR'', July 29, 2008, Accessed July 29, 2008
See also
*
Economy of Sudan
The economy of Sudan has boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment until the second half of 2002. GDP growth registered more than 10% per year in 2006 and 2007. From 1997 ...
*
List of African stock exchanges
There are 29 exchanges in Africa, representing 38 nations' capital markets.
21 of the 29 stock exchanges in Africa are members of the African Securities Exchanges Association (ASEA). ASEA members are indicated below by an asterisk (*).
The Eg ...
*
List of Mideast stock exchanges
This is a list of Asian stock exchanges.
In the Asian region, there are multiple stock exchanges. As per data from World Federation of Exchanges, below are top 10 selected in 2020:
* Shanghai Stock Exchange, China
* Tokyo Stock Exchange, Japan ...
*
List of stock exchanges
External links
Khartoum Stock Exchange
References
Economy of Sudan
Stock exchanges in Africa
Companies based in Khartoum
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