Kenyan Shilling Continues To Weaken on the Fourth Day

By Juma Fred / October 13, 2017

kenyan-shilling

Kenyan Shilling

The Kenyan shilling has continued to weaken against the US Dollar, the Sterling Pound, and the Euro for the fourth consecutive day.

On Thursday, the shilling weakened against the dollar by 0.80 percent on a year-to-date basis from 0.72 percent recorded on Wednesday.

The shilling weakened further against the Sterling Pound by 8.70 percent on the same basis from 8.54 percent recorded on Wednesday.

Against the Euro, the Kenyan Shilling weakened 14.30 percent on a year-to-date from 13.70 percent recorded on Wednesday.

Kenyan Stock Market

The market turnover at the bourse was down by 67.9 percent to USD 2.52 million or an equivalent of 259.84 million shillings from Wednesday’s trading.

The NSE 20 and NASI declined by 0.13 percent and 0.43 percent to close the day at 3,640.14 and 159.10 points respectively.

Foreign investors assumed a net selling position by accounting for 71.9 percent of total market sales and 69.8 percent of total market purchases.

EAC Markets  

In Rwanda, the RSE RSI and RASI gained 1.57 percent and 0.20 percent to close the day on Wednesday at 125.44 and 132.07 respectively.

In Uganda, the USE ALSI was down 0.38 percent to close at 1,671.48 while USE LCI increased by 4.15 percent to close at 390.23.



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.

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