Kenya Shilling Holds Ground Against the Dollar on Thursday

The Kenyan shilling has remained resilient against the US Dollar and the Euro but slightly weakened against the Sterling Pound.

Against the US Dollar, the Kenyan Shilling strengthened 0.12 percent on Thursday to close at 100.73, with the performance being 2.43 percent on a year-to-date basis.

Against the Sterling Pound, the local currency weakened 0.19 percent to close at 133.05 with the same performance moving it to 4.11 percent on a year-to-date basis.

Against the Euro, the shilling strengthened 0.16 percent to close at 117.28. The shilling remains strong at 4.87 percent on a year-to-date.

Kenyan Stock Market

Market turnover at the bourse stood at USD 4.94 million or an equivalent to 497.4 million shillings, a 76.2 percent increase from Wednesday’s turnover.

NSE 20 and NASI gained 0.78 percent and 0.95 percent to close at 3,301.70 and 172.99 respectively.

Foreign investors assumed a net selling position by accounting for 86.6 percent of total market sales and 69.3 percent of total market purchases.

EAC Markets   

Rwanda: RSI and RSE ALSI rose 0.57 percent and 0.08 percent to close at 131.82 and 131.63 respectively.

Uganda: USE ALSI gained 0.14 percent while USE LCI dropped 0.20 percent to close at 2,061.51 and 421.45 respectively.