Shillings Ends the Week by Gaining Traction Against the Dollar

The Kenyan shilling ended the week by gaining traction against the US Dollar and the Euro but weakened slightly against the Sterling Pound.

On Friday, the shilling strengthened against the US Dollar by 0.09 percent from the session on Thursday to close the day at 101.20 shillings to the dollar.

The shilling also went further to strengthen against the Euro by 0.25 percent from Thursday’s level to 125.45 shillings to the Euro.

However, the local currency was slightly down against the Sterling Pound by 0.04 percent to end the day at 140.45 shillings to the pound.

Kenyan Stock Market

The market turnover at the bourse was down 1.3 percent to USD 9.68 million or an equivalent to 979.5 million shillings from Thursday’s trading.

The NSE 20 gained 0.11 percent to close at 3,720.21 while NASI declined 0.37 percent to close at 180.60.

Foreign investors assumed a net selling position by accounting for 55.4 percent of total market sales and 21.2 percent of total market purchases.

EAC Markets   

In Rwanda, the RSI and RASI remained at 134.18 and 133.31 respectively while in Uganda, the USE ALSI was down by 0.07 percent to close at 2,094.76 while USE LCI gained 0.60 percent to close at 394.31.