Shilling Weakens Against The Dollar But Still Resilient

The Kenyan shilling has opened the year on a slightly low end against the US Dollar, the Sterling Pound, and the Euro but still resilient.

On Tuesday, the shilling slightly weakened against the US Dollar by 0.06 percent to close the day at 103.29.

The shilling slightly went down against the Sterling Pound by 0.65 percent to close the day at 103.65.

Against the Euro, the shilling weakened by 0.47 percent to close the day at 123.86.

The market turnover went down by 17.1 percent to USD 1.86 million or an equivalent of 192.1 million shillings.

The NSE 20 and NASI declined by 0.2 and 0.02 percent respectively to close the day at 3,704 and 171.16.

Foreign investors dominated the market. They assumed the net selling position accounting for 81.5 percent of the total sale and 70.0 percent of the total market purchases.