Kenyan Shilling Still Moving Downhill Against Major Currencies
The Kenyan shilling has maintained its downhill trend against the US Dollar, the Sterling Pound, and the Euro.
Against the US Dollar, the Kenyan Shilling weakened by 0.72 percent year-to-date. The shilling tumbled further against the Sterling Pound by 9.23 percent on the same basis while against the Euro, the Kenyan Shilling weakened by 13.29 percent.
Market turnover at the bourse went up by 34.0 percent to USD 4.81 million, an equivalent of 496.7 million shillings on Tuesday as compared to Monday’s trading.
NSE 20 and NASI gained 0.001 and 0.57 percent to close the day at 3,732.19 and 162.09 points respectively.
Foreign investors assumed a net buying position by accounting for 91.5 percent of total market purchases and 61.6 percent of total market sales.
On the East African Markets, in Uganda, the USE ALSI declined by 0.02 percent to close at 1,716.60 while USE LCI held constant at 375.97 and in Rwanda, the RSE RSI and RASI remained at 122.90 and 131.71 respectively.
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