Shilling Rejuvenates Despite Speculations From IMF

The Kenyan shilling rejuvenated and gained traction against the US Dollar on Friday despite earlier concerns from the International Monetary Fund (IMF).

However, the shilling slightly weakened against both the Sterling Pound and the Euro but still resilient and 2018 crawls on.

Against the US Dollar, the Kenyan Shilling strengthened 0.31 percent to close the day on Friday at 101.74 shillings. The shilling is also 1.45 percent strong against the dollar on a year-to-date basis.

Against the Sterling Pound, the local currency weakened 0.91 percent to close at 131.39 shillings. The shilling is, however, 5.31 percent strong against the pound on a year-to-date basis.

Against the Euro, the Shilling weakened 0.35 percent to close the day on Friday at 115.94. On a year-to-date basis, the shillings is 5.95 percent strong against the Euro.

Kenyan Stock Market

Market turnover stood at USD 5.98 million or an equivalent to 608.7 million shillings, a 65.20 percent decrease from USD 17.14 million recorded on Thursday.

The NSE 20 and NASI gained 0.38 percent and 1.92 percent respectively to close at 2831.10 and 147.89 respectively. 

Foreign investors assumed a net selling position by accounting for 89.02 percent of total market sales and 63.05 percent of total market purchases.

EAC Markets   

Uganda: USE ALSI and USE LCI gained 0.86 percent and 0.79 percent respectively to close at 1762.54 and 415.26 respectively.

Rwanda: RSI and RASI declined 1.48 percent and 0.21 percent to close at 129.54 and 131.31 respectively.