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Market Turnover at the Bourse Rises By 45.6 Percent Thursday

Kenya Shilling Depreciates Slightly on High Dollar Demand

Market Turnover

Market turnover at the bourse rose 45.6 percent to USD 5.81 million or an equivalent of 600.6 million shillings from Wednesday’s trading.

The NSE 20 and the NASI gained 0.68 percent and 0.40 percent to close at 3701.57 and 171.67 respectively.

Foreign investors assumed a net selling position by accounting for 75.5 percent of total market sales and 73.1 percent of total market purchases.

The Shilling

The Kenyan shilling continued to weaken against the US Dollar and the Sterling Pound but stood firm against the Euro.

The shilling weakened against the US Dollar by 0.08 percent from Wednesday to close the day at 103.44.

Against the Sterling Pound, the shilling went slightly down by 0.07 percent from Wednesday’s level to close the day at 140.19.

The shilling, however, strengthened against the Euro by 0.14 percent from Wednesday’s level to close the day at 124.39.

The East African Community Markets

In Rwanda, the RSI and the RASI remained constant at 135.38 and 133.48 respectively while in Uganda, the USE ALSI dropped by 0.49 percent to close at 1967.48 while the USE LSI gained 0.01 percent to close at 381.80.

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