Shilling Back to Gain Traction Against the US Dollar, Pound and the Euro

Kenyan Shilling

The Kenyan shilling was back on track on Thursday by gaining traction against the US Dollar, the Sterling Pound, and the Euro.

The shilling strengthened against the US Dollar by 0.02 percent from Wednesday’s level to 101.22 shillings to the dollar.

Against the Sterling Pound, the Kenyan Shilling strengthened 0.49 percent from Wednesday’s level to 139.81 shillings to the pound.

The shilling also strengthened against the Euro by 0.41 percent from Wednesday’s level to 124.43 shillings to the Euro.

Kenyan Stock Market

The market turnover at the bourse declined 51.4 percent to USD 3.65 million or an equivalent to 369.6 million shillings from Wednesday’s trading.

The NSE 20 and NASI declined 0.11 percent and 0.17 percent to close at 3,703.28 and 178.66 respectively.

Foreign investors assumed a net selling position by accounting for 47.7 percent of total market sales and 22.0 percent of total market purchases.