Uganda: Banking Stocks Enjoy Bull Rally On the Ugandan Bourse

The share prices of listed banks on the Uganda Securities Exchange (USE) have risen in recent weeks on the back of handsome dividends declared by the lenders.

Stanbic Bank Uganda (SBU) share price rose slightly from an average of Ush29 ($0.008) to Ush31 ($0.0084) almost two weeks after the publication of its full year results for 2017, while DFCU Ltd's share price jumped to Ush777 ($0.2) from Ush715 ($0.19) trading reports show.

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