Shilling Closes The Week on a Gloomy Note Against the Dollar

Kenyan shilling

The Kenyan shilling closed the week on a gloomy note by retracting against the US Dollar, the Sterling Pound, and the Euro.

On Friday, the shilling weakened against the US Dollar by 0.03 percent from Thursday’s level to 101.25 shillings to the dollar.

On a year-to-date basis, the shilling was stronger by 1.92 percent to the dollar compared to Thursday.

The shilling went further down against the Sterling Pound by 1.94 percent from Thursday’s level to close the day at 142.52 shillings to the pound.

On a year-to-date basis, the shilling is still performing dismally for it closed the day at 2.71 percent lower than Thursday.

Against the Euro, the Kenya Shilling weakened 1.56 percent from Thursday’s level to 126.37 with this being 2.51 percent lower on a year-to-date.

Kenyan Stock Market

The market turnover at the bourse rose 23.5 percent to USD 4.51 million or an equivalent to 456.3 million shillings from Thursday’s trading.

The NSE 20 and NASI gained 0.27 percent and 0.89 percent to close at 3,713.25 and 180.25.

Foreign investors assumed a net selling position by accounting for 64.5 percent of total market sales and 26.3 percent of total market purchases.