Shilling Weakens Slightly Against the US Dollar, Pound and Euro

The Kenyan Shilling

The Kenyan shilling weakened slightly against the US Dollar, the Sterling Pound, and the Euro on Wednesday.

The Kenyan shilling retracted by 0.004 percent against the US Dollar from Tuesday’s level to 102.36 shillings. This was 0.85 percent more on a year-to-date level.

“Against the Sterling Pound, the Kenyan Shilling weakened 0.40 percent from Tuesday’s level to 144.66. This was 4.26 lower on a year-to-date basis while against the Euro, the Kenya Shilling weakened 0.50 percent from Tuesday’s level to 127.24,” stated analyst from Dyer and Blair.

Kenyan Stock Market

The market turnover at the bourse declined 47.3 percent to USD 6.24 million or an equivalent to 638.4 million shillings from Tuesday’s trading.

The NSE 20 gained 0.26 percent while NASI declined 0.24 percent to close at 3,737.27 and 180.60 respectively.

Foreign investors assumed a net selling position by accounting for 70.5 percent of total market sales and 32.4 percent of total market purchases.

EAC Markets   

In Rwanda, the RSI and RASI held constant at 133.80 and 133.25 respectively while in Uganda, the USE ALSI gained 0.05 percent to close at 2,056.63 while USE LSI dropped 0.57 percent to close at 390.12 respectively.