Shilling Kicks Off The Week With ‘Head High’ Against US Dollar

Kenyan Shilling

The Kenyan shilling kicked off the week by gaining traction against the US Dollar, the Sterling Pound, and the Euro.

On Monday, the shilling strengthened against the US Dollar by 0.04 percent from Friday’s level to 102.87 shillings.

Against the Sterling Pound, the Kenyan Shilling strengthened 0.01 percent from Friday’s level to 142.69. While against the Euro, the Kenyan Shilling weakened 0.09 percent from Friday’s level to 126.03.

Kenyan Stock Market

The market turnover at the bourse declined 90.7 percent to USD 5.37 million or an equivalent to 552.44 million shillings from Friday’s trading.

The NSE 20 gained 0.12 percent to close at 3,741.80 while NASI dropped 0.20 percent to close at 179.81.

Foreign investors assumed a net selling position by accounting for 62.4 percent of total market sales and 56.4 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI held constant at 134.97 and 133.42 respectively while in Uganda, the USE ALSI went up 0.76 percent to close at 2,033.45 while USE LSI declined 0.66 percent to close at 390.14.