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