Shilling Closes the Week Slight Retraction Against the US Dollar

Kenyan Shilling

The Kenyan shilling closed the week with a slight retraction against the US Dollar, the Sterling Pound, and the Euro compared to its performance on Thursday.

On Friday, the shilling weakened against the US Dollar by 0.02 percent from Thursday’s level to 102.91.

Against the Sterling Pound, the shilling went slightly down by 0.54 percent from Thursday’s level to 142.70 while against the Euro, the local currency weakened by 0.16 percent from Thursday’s level to 125.92 (-2.14% year-to-date).

Kenyan Stock Market

The market turnover at the bourse rose by 486.8 percent to USD 57.86 million or an equivalent to 5,954.9 million shillings from Thursday’s trading.

Kenol Kobil was the largest mover of the day with a turnover of 5,438.67 million shillings representing 91.3 percent of the total market turnover.

The NSE 20 and NASI gained 0.84 percent and 0.94 percent to close at 3,737.17 and 180.17 respectively.

Foreign investors assumed a net buying position by accounting for 96.7 percent of total market purchases and 95.8 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI remained at 134.97 and 133.42 respectively while in Uganda, the USE ALSI increased 0.12 percent to close at 2,018.06 while USE LSI dropped 0.02 percent to close at 392.75.

Source Genghis Capital