Shilling Still Standing Tall But Will be Long-term?

The Kenyan Shilling

The Kenyan shilling is still resilient against the US Dollar, the Sterling Pound, and the Euro though analysts say that it won’t be for long.

On Wednesday, the shilling stood firm against the US Dollar by 0.02 percent from Tuesday’s level to 103.4.

The shilling also maintained resilience against the Sterling Pound and the Euro by strengthening 0.14 and 0.52 percent respectively from Tuesday’s level to 141.79 and 125.78 respectively.

Kenyan Stock Market

The market turnover at the bourse went up 95.9 percent to USD 10.24 million or an equivalent to 1,054.7 million shillings from Tuesday’s trading.

The NSE 20 and NASI declined 0.35 percent and 0.09 percent to close at 3,698.18 and 177.67 respectively.

Foreign investors assumed a net buying position by accounting for 50.6 percent of total market purchases and 35.8 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI dropped 0.12 percent and 0.01 percent to close at 134.97 and 133.42 respectively while in Uganda, the USE ALSI dropped 0.27 percent to close 2,017.19 while USE LSI held constant at 389.42.