Rwanda: BK Shares Rise By 52 Percent in Stock Market Debut

1 September 2011

Shares of Bank of Kigali (BK) rose significantly at their Rwanda Stock Exchange (RSE) debut, signalling investors confidence in acquiring equity stake in the country's largest lender after its successful Initial Public Offering (IPO) last month.

The shares closed at Rwf190 in yesterday's trading, 52 percent above the Rwf125 IPO price. BK became the second domestic company to list its shares on the seven month old stock market.

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