Monday 9 January 2012

Khartoum bourse launches electronic trade - Yahoo!

The Khartoum stock exchange on Sunday launched a long-awaited computer trading system that will bring to an end an era of scribbling stock prices on white boards and also marks Sudan's efforts to attract more investment.
But very thin trading in the first session of the electronic system -- a gift from Oman -- highlighted the need to overhaul regulations and transparency.
None of the 40 stocks listed on the display in the new trading room moved in the first 45 minutes. Trading focused as always on government-issued Islamic bonds, known as shahamas, which changed hands for 114,036 Sudanese pounds ($38,000).

No comments:

Post a Comment