- Zambia’s capital market savings increased by 13.35% in Q2 2024
- LuSE All Share Index rose by 8.42%, driven by key stock gains and increased trading activity
Lusaka, Zambia – Zambia’s capital market has shown remarkable resilience in the last quarter, with several counters posting gains despite rising fuel costs and the impacts of the El Niño drought. A report released in July by the Securities and Exchange Commission (SEC) indicated that savings for Zambia’s capital markets surged by 13.35 percent in the second quarter of this year, closing at K113 billion as of June 30, 2024. This marks a significant increase from the first quarter of 2024, where the market capitalization stood at K100 billion (US$3.8 billion).
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