Stephen Kaboyo- Page 8

The local currency traded with a mild bullish bias, gaining slightly on heightened interbank and corporate activity that saw the unit trading within a narrow range of 3690/3700.In other domestic economic news,

The Uganda shilling clawed back some ground in thin trade with the money markets awash with liquidity. The home unit held steady in the range of 3,680/3,700. In the fixed income space,

The home unit (Uganda Shilling) was kept on the edge, mildly dropping, knocked by sustained demand against lacklustre flows. Out turn was also in line with market expectation that the shilling would

The Uganda shilling was on the back foot as demand mostly from merchandise importers surged mid-week and drove the local unit to test record lows of 3730/50. In the fixed income market