Shilling Weakens Against Global Major Currencies As Turnover at the Bourse Reduces

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The Kenyan shilling weakened against the major three global currencies; US Dollar, Sterling Pound, and the Euro. Against the US Dollar, the shilling weakened by 0.85 percent, 3.19 percent against the Sterling Pound and 2.57 percent against the Euro.

On the Kenyan Stock Market, the market turnover at the reduced 54.68 percent to USD 8.2 MN (KES 846 MN) from Thursday’s trading.  The NASI reduced 1.17 percent to close 133.50 while the NSE 20 decreased by 0.03 percent to close at 3,101.89 while foreign investors assumed a net buying position by accounting for 83.9% of total market purchases and 80.9% of total market sales.

For East African currencies, the USE ALSI of Uganda gained 0.92 percent to close at 1,569.00 while USE LCI  gained 0.11 percent to close at 374.68 while the RSI of Rwanda decreased by 0.31 percent to close at 123.34 and RASI decreased by 0.05 percent to close at 127.65.

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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]