Shahama were issued and listed in the khartoum stock exchange market. Tarik senhaji, as chief executive officer, following the. The sudan financial services company ltd sells the government musharaka certificates in the khartoum stock exchange market. Assessing the demand in khartoum state for microfinance lending services 3. A develop stock market, as concluded by many articles on stock markets, is as.
Request pdf testing efficiency performance of khartoum stock exchange market market efficiency has influence on the investment strategy of investors. Learn more about this api, its documentation and alternatives available on rapidapi. The relation between stock market and economic growth have been extensively studied and debated. Testing efficiency performance of khartoum stock exchange market.
Profit made on securities by selling the security for a higher price than was paid for that security. Our finding indicate that the inefficiency hypothesis cannot be. Sudan government launches online stock market with support. The research focuses on the market performance of 15 african stock exchanges from 20072012.
The second relates to the financing options available to the sudan telecommunications company. The main objective of this paper is to model stock return volatility for khartoum stock exchange kse, by applying different univariate specifications of garch type models for daily. A delegation from khartoum stock exchange visits ase. The ministry of finance and national economy of sudan is supposed to help sudan achieve its financial goals. The state of african stock markets in totality brings forth questions about how the markets hold up in terms of the gaps in their functional and operational efficiencies. The site provides information about listings, trading, toronto stock exchange products and services, market activity, and statistics. Khartoum stock exchange listing prospectus listing requirements for kse our team of attorneys and consultants can draft your prospectus specifically for listing on any of the worlds major stock exchanges. The finding of the paper indicates the inefficiency hypothesis cannot. Go to chinguitel website rest of the world stg is the first sudanese company to be listed on the regional stock markets. The dhaka stock exchange is one of the two stock exchanges in bangladesh. This survey among micro entrepreneurs in khartoum state had the objectives of. The state of african stock market supervisor arcada. Market inefficiency has influence on resource allocation, as price signals tend systematically understate or overstate the effects of information transmitted to the trading parties in the market. In this paper two statistical tests have been conducted to test the efficiency performance of khartoum stock exchange kse market.
The principal stock index of the kse is the khartoum index the idea of kse started in 1962 by ministry of finance, bank of sudan and international finance corporation ifc. All content is posted anonymously by employees working at khartoum stock exchange. Pdf effectiveness of accounting information in the. Pdf the role of the stock market in the provision of. The analysis is based on using daily closing prices on the general indices in the two markets over the period of 2 nd january 2006 to 30 th november 2010. Testing efficiency performance of an underdeveloped stock market. This is a list of stock exchanges in africa there are 29 exchanges in africa, representing 38 nations capital markets. Testing weakform efficiency of khartoum stock exchange market. Stock market volatility in two african exchanges, khartoum stock exchange, kse from sudan and cairo and alexandria stock exchange, case from egypt is modelled and estimated. On february 24th, 1994 the khartoum stock exchange kse act 1994. The paper employs a bivaraite vector autoregressivegeneralized autoregressive conditional. The board of directors decided, unanimously and in compliance with the legal and regulatory provisions, to appoint mr. The paper looks at the state of african stock markets during and after the global economic crisis of 2008.
India metropolitan stock exchange of india fx market india national stock exchange of. This attribution poses risk on the african market, as many. The east africa exchange eax is a regional commodity exchange established to link smallholder farmers to agricultural and financial markets, secure competitive prices for products. Khartoum stock exchange has contributed significantly to contemporary economic development of the. International journal of business and social science vol. This is the khartoum stock exchange company profile. There is a gap in the literature concerning a comparison between atenya 177 the best performing african stock exchange with regional stock markets like the east african area stock markets. In october 1994, activity in the primary market commenced, and no sooner, in january 1995 the secondary market.
The khartoum stock exchange is the principal stock exchange of sudan. Asea was established in 1993 with the nairobi securities exchange as the first member followed by the stock exchange of mauritius, uganda securities exchange and daressalam stock exchanges. Intrinio khartoum stock exchange prices api overview. Amid unrest, sudans bourse maps out expansion plans. Determinants and impact on macroeconomic performance a paper prepared for erf 23rd annual conference, amman, jordan, march 2017 macroeconomics theme by. Effectiveness of accounting information in the rationalization of the investment decision from the perspective of investors in khartoum stock exchange market article pdf available january. Pdf the role of the stock market in the provision of islamic. You can filter through the list to find out more about a particular stock exchange if you do not want to go through all of them. African securities exchanges association member exchanges. As the main webpage of the toronto stock exchange, this resource provides information and insights into the functions of the stock exchange market. Check out the intrinio khartoum stock exchange prices api on the rapidapi api directory. The volume requirements applied to share repurchase at the stock exchange. An empirical study on a group of companies listed on the khartoum stock exchange alfatih alamin abdalrahim elfaki1 suleiman musa elzain hammad2 1shaqra university as secondment from kassala university, 1email.
Since october 18, 2009, the index on the khartoum stock market has been declining. It is located in khartoum and its name is abbreviated to kse. Khartoum stock exchange listing prospectus prospectus. The principal stock index of the kse is the khartoum index.
The programs main scope is directed to a series of training and dissemination activities, in the form of training sessions, lectures, workshops, conferences. The programs main scope is directed to a series of. In addition, the site provides relevant news and press releases. Modelling stock market volatility using univariate garch.
Consequently this paper addresses two research questions. The amman stock exchange received a delegation from khartoum stock exchange, where they exchanged the information on the trading mechanism besides the recent technical, legislative and quantitative developments that the ase and the securities market in particular witnessed. Asea is the premier association of 27 securities exchanges in africa, that have come together with the aim of developing member exchanges and providing a platform for networking. It is not compulsory for a public liability company to float its shares by being traded on the khartoum stock exchange market. The term stock exchange, financial market, capital market, securities market or bourse is a corporation which. Do note that its updated in may 2017, some of the details may have change by the time you read it. The stock market grew up steadily and reached its highest rate of exchange in 2010. Strate central securities depository csd for the electronic settlement of all financial instruments in south africa. Our team knows the intricate details of listing on the stock exchange of khartoum. Market news and information is provided along with rules and regulations regarding the stock market. The index series was designed after extensive market consultation to meet the needs of african market participants, and it is suitable for benchmarking purposes and as tool to be used in the creation of.
Sudan khartoum stock exchange xkha eswatini eswatini stock exchange xswa tanzania dar es salaam stock exchange xdar tunisia tunis stock exchange xtun uganda uganda securities exchange xuga. The government musharaka certificates are sold through open auctions. Johannesburg stock exchange jse strate central securities depository csd for the electronic settlement of all financial instruments in south africa sudan. The data within includes all statistics figures in terms of volume of shares traded, value of shares traded and market capitalization all expressed in local currency and in usd, in addition to the comparative index expressed by points for each exchange up to the most recent quarter of the current year. There a numerous requirements and rules that vary from exchange to exchange. On 6th november 2000, it was enlisted on bahraini stock market and on abu dhabi stock market on 31st march 2003. Sudan khartoum stock exchange khartoum 1992 na na south africa johannesburg stock exchange johannesburg 1887 303 951. Ebaidalla mahjoub ebaidalla assistant professor, university of khartoum, p. In this paper a number of statistical tests employed to assess the weakform efficiency of khartoum stock exchange kse market. The khartoum stock exchange kse is the main stock exchange of sudan. Sudans khartoum stock exchange launches electronic trading. The performance of libyan stock market 29 libyan stock market developed to contribute to economic growth in libya.
The idea of kse started in 1962 by ministry of finance, bank of sudan and international finance corporation ifc. Daressalaam stock exchange dse, and rwanda stock exchange rse as well as to uncover diversification opportunities within the region. Currently the association is represented by 27 exchanges serving 32 african countries. In the small basement of a twostory building next to khartoums central bus station, around 40 smartly dressed men and women gather around terminals for an hour a day with one eye on. An empirical study on contribution of khartoum stock exchange. This paper uses the generalized autoregressive conditional heteroscedastic models to estimate volatility conditional variance in the daily returns of the principal stock exchange of sudan namely, khartoum stock exchange kse over the period from january 2006 to november 2010. On 1964 a department for government bonds was established within the bank of sudan for. Since then, the stock exchange was established and a board was formulated. Financed by the african development bank as part of its public financial and macroeconomic management pfm project, the etrading system will be instrumental in promoting rapid development of the khartoum stock exchange market, which is a central element in the countrys financial market. Modelling exchange rate volatility using asymmetric garch. The data within includes all statistics figures in terms of volume of shares traded, value of shares traded and market capitalization all expressed in local currency and in usd, in addition to the comparative index expressed by points for each exchange up. Also the paper will examine the regulatory framework and information system lunched in lsm. Effectiveness of accounting information in the rationalization of the investment decision from the perspective of investors in khartoum stock exchange market. The impact of the application of fair value accounting on.
Information on the capital market of bangladesh is provided on this site. The market research survey on microfinance has been conducted by planet finance. Glossary khartoum stock exchange kse a stock exchange is a. On 4th july 1997, it was enlisted on khartoum stock exchange. As arguments established by some studies on african stock exchanges, a contentious case of. Providing information on sudanese micro entrepreneurs and their activities 2. Stock exchange alliances are associations, federations or unions of stock exchanges set up with the main purpose of promoting business through cooperation, harmonisation and integration. Saudi arabia, united arab emirates, egypt, qatar and kuwait more than 5. In only 16 trading days, the stock market index fell from 3077. Sudans khartoum stock exchange inaugurated its electronic trading system on 24 march. Sign up today for free to start connecting to the intrinio khartoum stock exchange prices api and s more. About khartoum stock exchange kse khartoum stock exchange. When forming a public liability company the required minimum capital must be paid before it can start business or borrow.
May 12, 2017 if you are searching for all the stock exchange out there, i have the complete list here. In 2005 october, dubai islamic bank dib took majority shareholding of 60% and also. The impact of the application of fair value accounting on the quality of accounting information. The first relates to the ability of the khartoum stock exchange, an islamic shariya. The models include both symmetric and asymmetric models that capture the most common stylized facts about index.
Listing your companys shares on the stock market pdf. Testing efficiency performance of khartoum stock exchange. Khartoum stock exchange libyan stock market zimbabwe stock exchange lusaka stock exchange malawi stock exchange. East africa exchange eax links sellers and buyers of agricultural commodities such as maize, beans, soya, sorghum, paddy rice and wheat to trade under capital market rules and regulations. Less attention has been put on the african stock exchange market, as this market is considered fragmented and full of risk alagidede, 2008. Types of corporate entities and sudan economic liberalization policy. Testing efficiency performance of an underdeveloped stock.
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