Shilling Slightly Weakens Against the Dollar But Still Resilient

The Kenyan shilling, on Tuesday, slightly weakened against the US Dollar but stood strong against both the Euro and the Sterling Pound.

Against the US Dollar, the shilling weakened 0.09 percent to close at 100.47 with 2.68 percent on a year-to-date.

Against the Sterling Pound, the local currency strengthened 0.45 percent to close at 129.88, standing at 6.40 percent on a year-to-date basis while against the Euro, the Kenya Shilling strengthened 0.19 percent to close at 115.97, a 5.93 percent on a year-to-date basis.

The market turnover at the bourse stood at USD 3.91 million, an equivalent to 392.7 million shillings, a 74.1 percent rise from Monday’s turnover.

The NSE 20 declined 0.09 percent to close at 3,290.04 while NASI gained 0.14 percent to close at 171.00. Foreign investors assumed a net selling position by accounting for 73.2 percent of total market sales and 20.5 percent of total market purchases.

Across borders, in Rwanda, the RSI and RSE ALSI declined 0.12 percent and 0.02 percent to close at 131.61 and 131.60 respectively while in Uganda, the USE ALSI dropped 0.14 percent to close at 2,054.22 while USE LCI recorded a 0.07 percent increase to close at 414.96.