Shilling Slightly Dips Against The Dollar But Still Holding Tight

The Kenyan shilling slightly dipped against the US Dollar on Thursday but remained strong against the Euro and the Sterling Pound.

Against the US Dollar, the Kenyan Shilling weakened 0.08 percent to close the session at 101.21. The shillings, is, however, still strong at 1.96 on a year-to-date basis.

Against the Sterling Pound, the shilling strengthened 0.42 percent to close at 130.86. It is also 5.69 strong on a year-to-date basis.

Against the Euro, the local currency strengthened 0.42 percent to close at 115.50, with this being 6.31 strong on a year-to-date basis.

Kenyan Stock Market

The market turnover stood at USD 4.32 million or an equivalent to 436.82 million shillings, a 31.6 percent increase from USD 3.28 million recorded on Wednesday.

The NSE 20 and NASI gained 0.87 percent and 0.33 percent respectively to close at 2825.41 and  145.77 respectively.

Foreign investors assumed a net selling position by accounting for 76.2 percent of total market sales and 8.9 percent of total market purchases.

Foreign investor participation rose to 97.9 percent of total market activity from 54.4 percent in the previous session.

Activity was mostly on Safaricom, KenolKobil and Equity Group. Net buying activity was mainly on Equity Group while net selling was mainly on Safaricom and KenolKobil. Foreign investors remained net sellers during the session

EAC Markets   

Uganda: USE ALSI and USE LCI recorded a 0.32 percent and 1.07 percent increase respectively to close at 1,779.94 and 416.19 respectively.

Rwanda: RSI and RASI both held constant to close at 131.15 and 131.54 respectively.