Shilling Gains Traction Against the Euro and the Sterling Pound

Kenyan Shilling

The Kenyan shilling gained traction against the Sterling Pound and the Euro but slightly retracted against the US Dollar on Thursday.

The shilling strengthened against the Sterling Pound and the Euro by 0.40 and 0.04 percent respectively to close the level at 141.33 and 124.99 shillings to both the Sterling Pound and the Euro respectively.

The shilling was however slightly weak against the US Dollar by 0.17 percent from Wednesday’s level to 101.47 shillings to the dollar.

Kenyan Stock Market

The market turnover at the bourse rose 4.4 percent to USD 10.54 million or an equivalent to 1,069.5 million shillings from Wednesday’s trading.

The NSE 20 and NASI declined 0.28 percent and 0.53 percent to close at 3,719.91 and 180.75 respectively.

Foreign investors assumed a net buying position by accounting for 71.4 percent of total market purchases and 63.0 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI dropped 0.57 percent and 0.08 percent to close at 132.45 and 133.06 respectively while in Uganda: The USE ALSI and USE were down 0.48 percent and 0.06 percent to close at 2,064.12 and 391.62 respectively.