Skip to content
Stock Watch

Kenyan Shilling Weakens Slightly on Tuesday Compared to Monday

BY Juma · December 6, 2017 06:12 am

The Kenyan shilling weakened slightly by the close of business on Tuesday as compared to Monday but still maintained resilience against the three major currencies; the US Dollar, the Sterling Pound, and the Euro.

On Tuesday, the shilling weakened against the US Dollar by 0.02 percent to close the day at 103.06. This was less 0.56 percent on a year to date basis.

Against the Sterling Pound, the shilling went down 11.14 percent on a year to date basis but slightly weakened by 0.38 percent as compared to Monday to close the day at 139.38.

Against the Euro, the shilling maintained the slight weakening trend by dropping 0.18 percent compared to Monday to close the day at 122.24 percent.

On the Kenyan Stock Market, the market turnover at the bourse dropped 41.0 percent to USD 4.37 million or an equivalent of 450.4 million shillings compared to Monday’s trading.

The NSE 20 and NASI declined 0.91 percent and 0.18 percent to close at 3,769.34 and 173.30 respectively.

Foreign investors assumed a net buying position by accounting for 60.4 percent of total market purchases and 54.3 percent of total market sales.

On the East African Community Markets, in Rwanda, the RSE RSI and RASI gained 0.81 percent and 0.12 percent to close at 134.39 and 133.34 respectively while in Uganda, the USE ALSI went up 0.31 percent to close at 1,788.32 while USE LCI held constant at 381.24.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

Trending Stories
Related Articles
Explore Soko Directory
Soko Directory Archives