Shilling Holds Strong Against the US Dollar, Pound and the Euro

The Kenyan shilling remained resilient against the US Dollar, the Sterling Pound, and the Euro during the session on Wednesday.

Against the US Dollar, the Kenyan Shilling strengthened 0.05 percent from Wednesday’s level to 100.86.

Against the Sterling Pound, the Kenyan Shilling strengthened 0.41 percent from Wednesday’s level to 142.79.

Against the Euro, the Kenya Shilling strengthened 0.11 percent from Wednesday’s level to 125.18.

Kenyan Stock Market

Market turnover at the bourse was down 1.1 percent to USD 6.74 million or an equivalent to 679.4 million shillings from Wednesday’s trading.

NSE 20 and NASI declined 0.15 percent and 0.63 percent to close at 3,816.56 and 189.34.

Foreign investors assumed a net buying position by accounting for 55.4 percent of total market purchases and 44.6 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI held constant at 132.85 and 133.12 respectively while in Uganda, the USE ALSI rose 0.03 percent to close at 2,194.32 while USE LCI declined 0.56 percent to close at 397.30.