Electronic trading system boosting stock market trading in Sudan
A new electronic trading system looks set to fuel an increase in trading on the Sudanese stock market.A new electronic trading system looks set to fuel an increase in trading on the Sudanese stock market.
According to Osman Hamad Khair, general manager of the Khartoum Stock Exchange, share and bond volumes have virtually doubled in the last year since computer bourse trading was introduced.
Speaking to Reuters, he said he expects this trend to be repeated again in the coming year, with trading volumes going up by at least 100 percent.
Much of the investment is coming from Saudi Arabia and the United Arab Emirates, Mr Khair noted, with government-issued Islamic bonds proving especially popular.
This, he said, has come about partly because the new electronic trading system has made it easier for foreign nationals and organisations to access the bourse.
As a result, Mr Khair is keen to establish closer connections with its counterparts in the Arab nations and places such as Cairo.
He added that while 40 firms had been listed before the computer system was introduced, the number now stands at 53.