Shilling on a Positive Trajectory As It Continues Traction Against the Dollar

The Kenyan shilling has continued with its positive traction against the US Dollar, the Euro, and the Sterling Pound.

Against the US Dollar, the Kenyan Shilling strengthened 0.04 percent from Monday’s level to close the day at 103.16. On a year to day basis, the shilling was down by 0.66 percent.

Against the Sterling Pound, the Kenyan Shilling weakened 0.39 percent from Monday’s level to 138.51.

Against the Euro, the Kenyan Shilling strengthened 0.09 percent from Monday’s level to 121.68.

On the Kenyan Stock Market, the market turnover at the bourse increased by 183.9 percent to USD 8.67 million or an equivalent of 894.7 million shillings from Monday’s trading.

The NSE 20 went up 0.15 percent to close at 3,696.13 while NASI declined 0.25 percent to close at 170.16.

Foreign investors assumed a net buying position by accounting for 58.4 percent of total market purchases and 48.7 percent of total market sales.

On the East African Community Markets, in Rwanda, the RSE RSI and RASI held constant at 135.47 and 133.49 respectively while in Uganda, the USE ALSI and USE LCI gained 0.12 percent and 0.81 percent to close at 1,793.26 and 381.18 respectively.