Shilling Roars Against the Dollar but Cowed by the Pound

The Kenyan shilling on Tuesday roared against the US Dollar but slightly cowed against the Sterling Pound and the Euro.

The local currency bloomed against the dollar by 0.05 percent from the session on Monday to close the day at 100.91 shillings to the dollar.

Against the Sterling Pound, the shilling weakened by 0.43 percent from Tuesday’s level to 143.38 shillings to the pound while against the Euro, it went down 0.60 percent from to 125.32 shillings to the Euro.

Kenyan Stock Market

The market turnover at the bourse declined 10.7 percent to USD 6.80 million or an equivalent to 769.2 million shillings from Tuesday’s trading.

The NSE 20 and NASI dropped 0.24 percent and 0.47 percent to close at 3,822.12 and 190.54.

Foreign investors assumed a net buying position by accounting for 48.8 percent of total market purchases and 44.1 percent of total market sales.

EAC Markets   

In Rwanda, the RSI and RASI declined 0.81 percent and 0.11 percent to close at 132.85 and 133.12 respectively.

In Uganda, the USE ALSI and USE LCI gained 0.52 percent and 0.02 percent to close at 2,193.67 and 399.52 respectively.