Shilling Rejuvenates and Strengthens Against The Dollar on Monday

The Kenyan shilling rejuvenated on Monday and strengthened against the US Dollar, the Euro, and the Sterling Pound.

Against the US Dollar, the Kenyan Shilling strengthened 0.02 percent to close at 100.90, this being 2.26 percent stronger on a year-to-date.

Against the Sterling Pound, the local currency strengthened by 0.34 percent to close the day at 133.01, a 4.14 percent stronger on a year-to-date basis.

Against the Euro, the shilling strengthened 0.23 percent to close at 116.50, a 5.50 percent on a year-to-date basis.

Kenyan Stock Market

Market turnover stood at USD 2.72 million, an equivalent to 274.8 million shillings, an 18.8 percent decline from USD 3.35 million recorded previously.

NSE 20 and NASI declined 0.86 percent and 1.72 percent to close at 2,782.97 and 141.78 respectively.

Foreign investors assumed a net selling position by accounting for 84.5 percent of total market sales and 32.2 percent of total market purchases.

EAC Markets

Uganda: USE ALSI dropped 1.66 percent to close at 1767.25 while USE LCI held constant to close at 413.13.   

Rwanda: RSI and RASI held constant at 131.48 and 131.58 respectively 

Tanzania: DSE DSEI and DSE TSI both declined 1.51 percent and 2.56 percent respectively to close at 2113.34 and 3848.