Nice history on the Khartoum stock exchange!




© FAR

Khartoum Stock Exchange has completed by the end of the year 2012, 18 years, which witnessed the march of Khartoum Stock Exchange several stages and transitions that would accelerate progress in the market, the most recent was the market transformation to electronic trading and the following is profiles of the most important stages in the life of the market:
* The idea of establishing a stock exchange in Sudan started in 1962 whereby many formalities such as studies and communications had been started by the Ministry of Finance and Bank of Sudan jointly with IFC one of the arms of the World Bank .
* The People's Assembly had endorsed the Stock Exchange Act of 1982 to regulate Stock Exchanges establishment in Sudan but no serious action was taken until 1992.
v In August 1992 a serious step was taken to establish a Stock Exchange in Sudan in line with economic liberalization policy called   the Three Years Salvation Program (1990 - 1993). 
* The Stock Exchange Board had been formed in 1992. In November of the same year the Council of Ministers amended the Stock Exchange Act of 1982, but the amended Act did not cover all the required necessary   objectives to establish a Stock Exchange. 
* In 1994 the Transitional National Assembly passed the Khartoum Stock Exchange Act, through which KSE acquired its independent legal status.
* The primary market activities (Issues Market) started on 10/10/1994.
* On the 2nd of January 1995 the secondary market was completed and the market started dealing in the shares of the first listed companies. 
* In 1996 the number of listed companies has increased from 34 to 40 companies.
* In 1997 a remarkable increase in the market value of the listed companies went up from 31 million U.S Dollars to 139 million U.S Dollars. The same year witnessed the establishment of the Financial Investment Bank to help in activating KSE.
* In 1999 the Parallel Market started its operation, as well as the classification of listed companies according to their adherence to conditions regulating the companies listed either in the regular market or the parallel one.
* In 2001 a number of Investment Funds (Sukuk) and Government Musharaka Certificates (Shehama) were issued and listed in KSE.
* In 2002 a great expansion of KSE relations with regional and international financial markets took place.
* In 2003 the Khartoum Index was declared, listing the KSE in the Arab Monetary Fund data base and cross listing Sudatel in Abu Dhabi Securities Market were carried out.
* In 2004 the trading volume reached the highest level since the establishment of KSE. In the same year a joint cooperation protocol was signed between KSE and Cairo - Alexandria bourses.
* In 2005 a standard increase in the trading volume to 1.21 Billion Sudanese pounds and an increase in Khartoum Index with growth ratio of 97.3%, the market value rose to 7.47 Billion Sudanese pounds. According to AMF Data base KSE came the first due to the growth of market value compared with other Arabic Markets with a ratio of 50.8%.
*  In 2006 a standard increase in the trading volume to 2.06 Billion Sudanese pounds with a growth of 70%.
*  In 2007 Khartoum Stock Exchange joined the African Markets Union which is going to open new horizons of co-operation with regional stock markets. 
*  In 2008, a remarkable increase in the volume trading and the Depository Center has been completed to contain all the listed stocks in 0the Khartoum Stock Exchange, which paved the way for the completion of the transformation to the electronic trading.
*  In the year 2009 market recorded KSE highest dealings since the establishment of market secondary in an increase in trading volume to (2.2) billion, compared with (1.8) billion in the last year, a rise of 19.5% and the system begins to switch to electronic trading which will be completed by year-end 2010, God willing.
* Has also been developing an action plan for market development, this plan contains 12 important hub.
* In The beginning of 2010 was the adoption of market as an observer in the Union of Arab Stock Exchanges to enjoy full membership at the next meeting of the Union.
*  In 2010 a Sudan Commodity Exchange (under way) was accepted as an observer in the African Commodity Exchange Forum (ACEF). 
*  It also signed contracts for the operation and installation of programs.
* In 2010 has a volume greater rate since the beginning of the secondary market in 1995, ahead of the year 2009 which amounted to lE2.2 billion compared to $2.4 billion, and the number of shares traded from 164,721,836 shares, as well as the number of contracts from the 8065 contract to 8265 contract, as has the number of instruments traded down from 7,646,614 to 5,848,016 instrument.
* In the year 2010 was the adoption of the market as an observer in the Union of Arab stock exchange to enjoy full membership at the next meeting of the federation.
* In the year 2010 was the signing of the contracts for the supply and installation of hardware and operating software and the beginning of the installation screens internal fixed and mobile
�        In the year 2011:- 
* Trading volume continued to rise over the previous year where it reached 2.6 billion pounds compared to 2.2 billion pounds and the number of instruments, 5 million to 11 million.
* The inclusion of a single company during this year (Al Jazira Sudanese Jordanian Bank).
* The arrival and installation of all equipment and operation of electronic trading.
* The completion of the tests of electronic trading systems and the training of all employees in the market, brokers accredited to these systems.
* The adoption of KSE to be a permanent member in the association of Arab Stock Exchanges.
* The start of the trial run of a program for electronic trading.
 
�        In the year 2012:-
* KSE started working with the electronic trading system.
v In year 2012 was opened by the Minister of Finance and National Economy of the electronic trading system under the auspices of the President of the Republic.
*  Trading rates rose significantly from the previous year for the application of the electronic trading system on a volume of 3.1 billion pounds compared with 2.6 billion pounds in the previous year, and the number of transactions jumped from 7,870 contracts in the previous year to 12,719 contracts this year.
 
�        in the year 2013:
 
* Trading volume continued to rise over the previous year where it reached 3.9 billion pounds compared to 2.6 billion pounds in the year 2012 as the number of contracts executed a significant increase from 12,719 in the year 2012 to 16,435 in the year 2013. 
* Signing of a memorandum of understanding with the National Council for Press and Publications.
* Start the second stage of electronic trading.
* The inclusion of one company during this year (Al barka financial services )
 
 �        In the year 2014:-
 
- The acceptance of Khartoum Stock Exchange as a full member of the association of Africa & Middle East depositories (AMEDA) as well as participated in the annual meeting that was held in Bahrain .
 
- listed  of  Bayan Investment Company',  Elnasr housing and construction company , expatriate company LTD for education, technology and scientific research, and national company for advanced in the secondary market.
 
- KSE participated in the first Arab capital markets conference that was been held in UAE, which regulated by Union of Arab Securities Authorities.
 
- The General Secretary of Khartoum National Club visited KSE so as to inform about KSE activity and discuss about the possibilities and benefits of Conversion Khartoum National Club to public company