For The Fist Time In Months, Kenyan Shilling Rock Against the Dollar

The Kenyan Shilling

For the first time in months, the Kenyan shilling has come out smiling by strengthening against the three major currencies; the US Dollar, the Sterling Pound, and the Euro.

Th Kenyan shilling strengthened against the US Dollar by 0.23 percent from Wednesday’s to 103.37 (- 0.86 percent on a year-to-date basis).

The shilling also strengthened against the Sterling Pound by 0.15 percent from Tuesday level to 136.99 percent, a drop by 9.22 percent.

Against the Euro, the Kenyan Shilling strengthened 0.54 percent from Wednesday’s level to 121.31 (-13.31% year-to-date).

Kenyan Stock Market

The market turnover at the bourse went up 56.1 percent to USD 9.9 million or an equivalent of 1,025.5 million shillings from Wednesday’s trading.

The NSE 20 and NASI rose 0.57 percent and 2.32 percent to close the day at 3,839.46 and 172.17 respectively.

Foreign investors assumed a net buying position by accounting for 56.5 percent of total market purchases and 45.5 percent of total market sales.

EAC Markets  

In Rwanda, the RSE RSI and RASI remained constant at 132.32 and 133.04 respectively while in Uganda: The USE ALSI increased 0.69% to close at 1,764.07 while USE LCI declined 0.08% to close at 381.24.