Kenyan Shilling Continues Being on the Receiving of Global Giants

The Kenyan shilling has continued to be on the receiving end by losing to major global giants like the US Dolar, Sterling Pound and the Euro.

Against the US Dollar, the Kenyan shilling weakened by 0.78 percent on a year-to-date basis. The shilling, also, weakend by 7.07 percent against the Sterling Pound while wekening further against the Euro by 8.46 percent.

At the Nairobi Security Exchange, the market turnover at the rose by 53.97 percent to USD 10.6 million, an equivalent of 1.1 billion shillings from Tuesday’s trading. The NSE 20, on the other hand, rose by 0.64 percent to close at 3,317.16 while the NASI declined by 0.04 percent to close at 140.77.

On the East Aafrican Community Markets, in Uganda, the USE ALSI rose by 0.84 percent to close at 1,637.57 while the USE LCI declined by 0.95 percent to close at 368.82 while in Rwanda, the RSI and RASI reduced by 2.32 percent and 0.31 percent to close at 118.28 and 127.02 respectively.