Kenyan Shilling Sustains Traction Against The US Dollar

The Shilling

The Kenyan shilling sustained traction against the US Dollar, the Sterling Pound and the Euro for the second day in a raw.

On Tuesday, the shilling strengthened against the US Dollar by 0.08 percent from Monday’s level to end the day at 102.79 shillings. On the year-to-date basis, the shilling is strong by 0.43 percent against the Dollar.

“The shilling, however, weakened against the Sterling Pound by 0.10 percent from Monday’s level to close the day at 142.84 shillings. This was 2.94 percent less on a year-to-date basis,” read a statement from Genghis Capital.

Against the Euro, the Kenyan Shilling strengthened 0.17 percent from Monday’s level to 125.82. This was 2.06 percent less on a year-to-date basis.

Kenyan Stock Market

The market turnover at the bourse increased 87.4 percent to USD 10.1 million or an equivalent to 1,035.15 million shillings from Monday’s trading.

The NSE 20 and NASI gained 0.09 percent and 0.34 percent to close at 3,745.01 and 180.43 respectively.

Foreign investors assumed a net selling position by accounting for 79.9 percent of total market sales and 33.9 percent of total market purchases.

EAC Markets   

In Uganda, the USE ALSI rose 0.19 percent to close at 2,037.24 while USE LSI dropped 0.09 percent to close at 386.80.