Shilling Weakens Against Major Currencies As Turnover at the Bourse Slumps

By Juma Fred / April 7, 2017

On Friday, the Kenyan Shilling weakened against the dollar by 0.93 percent year-to-date with the same trend being witnessed as the shilling took on the Euro by 3.00 percent. Against the Sterling Pound, the Shilling weakened by 2.93 percent year-to-date.

At the bourse, the market turnover at the declined by 27.20 percent to USD 5.0 MN (KES 514.9 MN) from Thursday’s trading. The NSE 20 and NASI indices rose 0.12 percent and 0.24 percent to close at 3,104.89 and 132.95 respectively while the foreign investors assumed a net selling position by accounting for 72.4 percent of total market sales and 65.8 percent of total market purchases.

On the EAC Markets, the USE ALSI of Uganda decreased by 0.01 percent to close at 1,554.31 while USE LCI  rose by 0.01 percent to close at 375.59.


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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