Money Markets

The LuSE All Share Index maintained yesterdays closed of 5,347.97 points as there were no proce movements recorded . Trading activity was also recorded in CEC, NATBREW, SCZ and ZANACO and ZSUG. A total of 20,569 shares were transacted in 11 trades resulting in a turnover of K96,066..

The Kwacha depreciated further against the dollar on Tuesday, following increased
demand. the local unit opened at K 5.880/5.910 before closing at K5 930.
In the absence of increased dollar supply the kwacha is likely to remain under pressure in the short term.However, we expect corporate entities to convert at these level which will ease pressure on the local unit.

 

05 Mar 2014

Bank of Zambia Exchange rate

Currency

Buying

Selling

US Dollar

5.9437

5.9537

GB Pound

9.9303

9.9482

Euro

8.1525

8.1668

Rand

0.5510

0.5571

For you created my inmost being; you knit me together in my mother’s womb. I praise you because I am fearfully and wonderfully made; your works are wonderful, I know that full well.