Kenyan Shilling Remained Relatively Weak on Monday

By Juma Fred / October 10, 2017

The Shilling

The Kenyan shilling has remained on the receiving end of the US Dollar, the Sterling Pound, and the Euro although the CBK has remained mute about it.

The shilling weakened against the US Dollar by 0.72 percent on a year-to-date basis. The shillings weakened further against Sterling Pound by 7.29 percent went sunk even further against the Euro by 12.75 percent.

The Stock Market

The market turnover at the bourse increased by 113.5 percent to USD 4.75 million or an equivalent of 490.0 million shillings from Friday’s trading.

The NSE 20 and NASI gained 0.52 percent and 0.20 percent to close the day at 3, 712.37 and 161.03 points respectively.

Foreign investors assumed a net selling position by accounting for 83.9 percent of total market sales and 80.8 percent of total market purchases.

EAC Markets  

In Rwanda, the RSE RSI and RASI dropped 0.44 percent and 0.55 percent to close at 121.89 and 131.57 respectively.

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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