Kenyan Shillings Pounces Back To Gain Traction Against the US Dollar

By Juma Fred / December 1, 2017

The Kenyan shilling pounced back on Thursday to gain traction against the US Dollar by gaining 0.10 percent from Wednesday’s performance.

The shilling closed the day at 103.25. On a year-to-date basis, the shilling is still lower by 0.75 percent against the US Dollar.

The shilling, however, weakened against the Sterling Pound by 0.10 percent compared to the performance on Wednesday to close the day at 138.38. On a year-to-date basis, the shilling is down by 10.33 percent against the Sterling Pound.

The Kenyan shilling strengthened against the Euro by 0.88 percent as compared to Wednesday to close the day at 122.42. On a year-to-date basis, the shilling was 14.35 percent lower against the Euro.

On the Kenyan Stock Market, the market turnover declined by 5.2 percent to USD 7.87 million or an equivalent of 812.8 million from Wednesday’s trading.

The NSE 20 dropped by 0.54 percent while NASI gained 0.11 percent to close at 3,804.69 and 172.92 respectively.

The Foreign investors assumed a net buying position by accounting for 74.6 percent of total market purchases and 55.6 percent of total market sales.

On the East African Community Markets, in Rwanda, the RSE RSI and RASI declined 0.07 percent and 0.02 percent to close at 133.31 and 133.18 respectively while in Uganda, the USE ALSI gained 0.63 percent to close at 1,781.75 while  USE LCI dropped 0.02 percent to close at 381.24.

About Juma Fred

Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. You can reach him on: (020) 528 0222 or Email: [email protected]

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