No Backing Down: Shilling Remains Resilient Against the Dollar

The Shilling

The Kenyan shilling has sustained its campaign iof remaining resilient against the US Dollar, Sterling Pound and the Euro.

On Wednesday, the shilling strengthened by 0.22 percent against the US Dollar from Tuesday’s level to 100.63 shillings to the dollar.

Against the Sterling Pound, the local currency strengthened 0.21 percent from Tuesday’s level to 143.71 percent.

Against the Euro, the Shilling strengthened 0.47 percent from Tuesday’s level to 124.02.

Kenyan Stock Market

The market turnover at the bourse rose 42.7 percent to USD 9.61 million or an equivalent of 965.2 million shillings from Tuesday’s trading.

The NSE 20 and NASI dropped 0.69 percent and 1.07 percent to close at 3,745.01 and 184.85 respectively.

Foreign investors assumed a net selling position by accounting for 90.7 percent of total market sales and 74.1 percent of total market purchases.

EAC Markets   

In Rwanda, the RSI and RASI held constant at 132.76 and 133.11 respectively while in Uganda, the USE ALSI and USE LCI dropped 0.39 percent and 0.46 percent to close at 2,246.71 and 406.82 respectively.