I&M Bank Lists Maiden Shares on Rwandan Bourse

Kenya's central bank seeks bidders for stake in Chase Bank

Finally another Rwanda commercial bank- I&M Bank, today listed its shares at Rwanda stock exchange with an opening price of Frw 100 and closed with an increase at a closing price of Frw 105.

I&M Bank indicated its intension to join the local bourse in 2016. The bank will become the third on the stock counters joining another Rwandan bank- The Bank of Kigali, and two Kenyan banks- Kenya Commercial Bank and Equity Bank.

In the meantime both Rwanda stock index and all shares remained constant to close at 145.98 and 130.50 respectively.

Only a few equities changed hands on the stock market while the bonds market was quiet

IMR counter closed at Frw 105(Frw 0.00 previous). The trading session recorded a total turnover of Frw 12,129,000 from 121,800 shares traded in 4 deals.

BLR counter closed at Frw 140(Frw 139 previous). The trading session recorded a total turnover of Frw 14,000 from 100 shares traded in 1 deal.CTL counter closed at Frw 90(Frw 90 previous). The trading session recorded a total turnover of Frw 9,000 from 100 shares traded in 1 deal.

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