Bralirwa, BK bullish as KBC pays Ksh1.9 dividend a share

The Rwanda Stock Exchange share index (RSI) closed at 211.94, mainly pushed by the rising Bralirwa and Bank of Kigali (BK) share price, which closed at Rwf800 and Rwf190 respectively. Last Monday, Bralirwa closed at Rwf761 and and BK Rwf183 a share. The total turnover for the day was Rwf72.4m from 70,600 Bank of Kigali shares and 73,300 Bralirwa shares traded in 13 deals compared to the previous trading session, which recorded a total turnover Rwf 1.8m from 2,300 Bralirwa shares traded in two deals. Bank of Kigali shares traded at between Rwf182 and Rwf190, registering an increase of Rwf5 compared to the last Friday’s close, while Bralirwa counter traded at between Rwf800 and 810, which was an increase of Rwf7 compared to last Friday’s closing price. Kenya Commercial Bank (KCB) shares last transacted at Rwf169 while Nation Media Group (NMG) shares last transacted at Rwf1,200. By the end of trading, there were no outstanding bids and offerson the Bank of Kigali counter. On Bralirwa counter, there were outstanding bids of 43,800 shares at between Rwf770 and Rwf800 and outstanding offers of 41,100 shares at between Rwf810 and Rwf815.Meanwhile, KCB has announced a first and final dividend for the year 2012 of Ksh1.90 per share to be paid on or about Friday, June 14, 2013 subject to the Annual General Meeting approval. The book closure date will be May 13, 2013.