Shilling Still on the Positive Trajectory Against the US Dollar

The Shilling

The Kenyan shilling is still on a positive trajectory as it gained further traction against the US Dollar, the Sterling Pound, and the Euro.

On Wednesday, the shilling strengthened against the US Dollar by 0.04 percent from Tuesday’s level to 103.18 shillings.

The shilling further strengthened against the Sterling Pound by 0.15 percent from Tuesday’s level to close the day tp 139.58 shillings.

Against the Euro, the Kenyan Shilling strengthened 0.34 percent from Tuesday’s level to 123.10.

Kenyan Stock Market

The market turnover at the bourse dropped 14.3 percent to USD 8.56 million or an equivalent of 883.0 million shillings from Tuesday’s trading.

The NSE 20 and NASI declined 0.20 percent and 0.22 percent to close at 3,721.07 and 173.76 respectively.

Foreign investors assumed a net selling position by accounting for 90.2 percent of total market sales and 79.4 percent of total market purchases.

EAC Markets   

In Rwanda, the RSI and the RASI held constant at 135.38 and 133.48 respectively while in Uganda, the USE ALSI gained 0.67 percent to close at 1,973.29 while the USE LSI remained at 381.89.