Shilling Rejuvenates and Slightly Strengthens Against The Dollar

The Kenyan shilling came back on Thursday to strengthen against the US Dollar by 0.15 percent to close the day at 100.91 shillings to the dollar with 2.25 percent on a year-to-date scale.

Against the Euro, the local currency strengthened 0.43 percent to close at 118.51 shillings. The shilling to the Euro is at 3.87 percent strong on a year-to-date basis.

Things were not the same with the Sterling Pound. The shilling weakened by 0.06 percent to close at 132.95 shillings but remained strong on a year-to-date basis at 4.18 percent.

The NSE

Market turnover stood at USD 7.23 million or an equivalent of 729.82 million shillings, a 24.54 percent decrease from USD 9.57 million recorded on Wednesday.

NSE20 and NASI indices gained 0.07 percent and 0.33 percent respectively to close at 2891.40 and 150.60 respectively.

Foreign investors assumed a net selling position by accounting for 85.24 percent of total market sales and 33.06 percent of total market purchases.

The EAC Markets

In Rwanda, the RSI and RASI both held constant to close at   131.15 and 131.54 respectively while in Uganda, the USE ALSI gained 1.19 percent to close at 1,800.19 while LCI held constant to close at 413.42.