Market Turnover at the Bourse Up By 219.8 Percent

The market turnover at the Nairobi Security Exchange gained 219.8 percent on Friday as compared to Thursday to close the day at USD 4.91 million or an equivalent of 509.08 million shillings.

On Friday, the NSE 20 and NASI dropped by 0.26 percent and 0.49 percent to close the week at 3,752.15 and 160.97 points respectively.

Foreign investors, on the other hand, assumed a net selling position just like it was on Thursday by accounting for 49.5 percent of the total market sales and 31.2 percent of the total market purchases.

The Kenyan shilling has closed the week on a losing end, a trend it has maintained the whole week. The shilling weakened against the US Dollar by 1.08 percent on a year-to-date basis. Against the Sterling Pound, the Kenyan shilling weakened 8.27 percent while against the Euro, shilling weakened 12.27 percent.

In the East African Community Markets, in Rwanda, the RSE RSI and RASI held constant at 134.22 and 133.31 respectively while in Uganda, the USE ALSI and USE LCI dropped 0.30 percent and 0.32 to close at 1,741.24 and 383.73 respectively.

The image below shows how the shilling has been performing against the US Dollar, the Sterling Pound, and the Euro: