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Under capitalisation blamed for low growth momentum of domestic securities market

Capital Markets intermediaries such as fund managers, investment advisors and stockbrokers remain very undercapitalized.

This in part is slowing down the impetus for the rapid growth of the domestic securities market which holds approximately 24 Trillion in largely cross-listed firms.

Keith Kalyegira, the Chief Executive Officer of the Capital Markets Authority, now says a survey is underway to assess the securities market and guide on the growth path.

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