Kenyan Shilling Weakens Against US Dollar As Market Turnover at the Burse Declines

By Juma Fred / March 23, 2017

The Kenyan shilling weakened against the US Dollar by 0.4 percent year-to-date. The same trend was replicated against the Sterling Pound where the shilling declined by 2.1 percent year-to-date. Against the Euro, the Kenyan Shilling weakened 3.85 percent year-to-date.

On the Kenyan Stock Market, the market turnover at the declined by 45.6 percent to 314.2 million shillings from yesterday’s trading. 

The NASI and NSE 20 Index went up 1.18 percent and 1.5 percent to close at 128.38 and 3,037.16 respectively while foreign investors assumed a net selling position by accounting for 73.0 percent of total market sales and 49.8 percent of total market purchases.

EAC Markets witnessed mixed reactions where the RSI and RASI of Rwanda held constant to close at 125.42 and 127.94 respectively while the USE ALSI increased by 0.94 percent to close at 1,478.83 while the USE LCI  increased by 0.6 percent at 375.59.

Related: Standard Chartered Bank Posts better performance than 7 listed banks that have announced


About Juma Fred

Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. You can reach him on: (020) 528 0222 or Email: [email protected]

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