The Kenyan shilling opened the week with a bang by gaining traction against the US Dollar, the Sterling Pound, and the Euro.
Against the US Dollar, the Kenyan Shilling strengthened 0.05 percent from Friday’s level to 101.15 shillings to the dollar with this being 2.02 percent stronger on a year-to-date.
Against the Sterling Pound, the local currency strengthened 0.36 percent from Friday’s level to 139.94 shillings to the pound with this being 0.86 weaker on a year-to-date.
Against the Euro, the Shilling strengthened 0.87 percent from Friday’s level to 14.36 but this was 0.88 lower on a year-to-date.
Kenyan Stock Market
The market turnover at the bourse was down 25.5 percent to USD 7.21 million or an equivalent to 729.6 million shillings from Friday’s trading.
The NSE 20 and NASI gained 0.36 percent and 0.14 percent to close at 3,725.44 and 181.25 respectively.
Foreign investors assumed a net selling position by accounting for 76.2 percent of total market sales and 47.5 percent of total market purchases.
In Rwanda, the RSI and RASI held constant at 134.18 and 133.31 respectively while in Uganda, the USE ALSI declined 0.11 percent while USE LCI rose 0.04 percent to close at 2,092.48 and 394.28.