The Kenyan shilling has continued with its campaign of defying what most analysts had projected at the start of the year that its traction glory is short-lived.
The local currency has continued gaining traction against major currencies such as the US Dollar, the Sterling Pound, and the Euro.
On Friday, the shilling closed the week by strengthening against the US Dollar by 0.03 percent from Thursday’s level to 101.03 shillings to the dollar.
Against the Sterling Pound, the shilling strengthened by 0.36 percent from Thursday’s level to 141.73 shillings to the pound.
The shilling went ahead to shine by 0.34 percent against the Euro to close the day at 123.84 shillings to the Euro from Thursday level.
Kenyan Stock Market
The market turnover at the bourse dropped by 22.2 percent to USD 5.14 million or an equivalent to 519.32 million shillings from Thursday’s trading.
The NSE 20 and NASI declined by 0.41 percent and 0.87 percent to close at 3,820.81 and 194.86 respectively.
Foreign investors assumed a net buying position by accounting for 69.7 percent of total market purchases and 49.7 percent of total market sales.
EAC Markets
In Rwanda, the RSI and RASI remained at 132.76 and 133.11 respectively while in Uganda, the USE ALSI and USE LCI went up 0.96 percent and 0.28 percent to close at 2,269.50 and 401.97 respectively.