Kenyan Shilling Closes the Week on a Weakening Trend

The Kenyan Shilling

The Kenyan shilling has closed the week on a weakening trend by losing against the US Dollar, the Sterling Pound, and the Euro.

On Friday, the Kenyan shilling weakened against the US Dollar by 0.77 percent on a year-to-date basis. The shilling also weakened against the Sterling Pound by 8.31 percent on the same basis. The shilling drifted back below against the Euro by 14.28 percent.

Kenyan Stock Market

The market turnover at the bourse rose 225.9 percent to USD 8.21million or an equivalent of 846.83 million shillings from Thursday’s trading.

NSE 20 dropped 0.37 percent to close the day at 3,626.62 while NASI gained 0.09 percent to close the day at 159.25.

Foreign investors assumed a net buying position by accounting for 80.8 percent of total market purchases and 78.5 percent of total market sales.

EAC Markets  

In Rwanda, the RSE RSI and RASI went up 1.67 percent and 0.23 percent to close at 127.53 and 132.37 respectively.

In Uganda, the USE ALSI gained 0.26 percent to close at 1,675.75 while USE LCI declined by 0.33 percent to close at 388.93.