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Shilling Slightly Weakens Against The Dollar As Foreign Investors Assume Net Selling

Shilling Secondary Turnover Gikomba Market

The Kenyan shillings slightly weakened against the US Dollar, the Sterling Pound, and the Euro during the session on Tuesday.

Against the US Dollar, the local currency weakened by 0.12 percent to close at 100.98. The shilling is however still strong by 2.18 percent on a year-to-date.

Kenyan Shilling went slightly down by 0.54 percent against the Sterling Pound to close at 132.80 but remained strong by 4.29 percent on a year-to-date.

Against the Euro, the Kenya Shilling weakened by 0.60 percent to close at 119.14 but still holding ground by 3.36 percent year-to-date.

At the NSE, the market turnover stood at USD 6.12 million, an equivalent to 617.79 million shillings registering a 47.43 percent decrease from USD 11.65 million recorded Monday.

The NSE20 and NASI indices declined 0.0003 percent and 0.20 percent respectively to close at 2873.03 and 149.05 respectively.

Foreign investors assumed a net selling position by accounting for 87.32 percent of total market sales and 50.95 percent of total market purchases.

Across the pool, in Rwanda, the RSI and RASI both declined 0.42 percent and 0.05 percent respectively to close at   131.15 and 131.54 respectively.

In Uganda, the USE ALSI gained 2.29 percent to close at 1,765.53 while LCI held constant to close at 413.42.

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