Shilling Marginally Strengthens Against Dollar, Euro but Dips Against the Pound

On February 14, the Kenyan shilling saw a marginal strength against the US dollar and the Euro. It, however, weakened against the Sterling Pound.

Against the US Dollar, the shilling strengthened 0.03 percent to close the day at 100.25 shillings. Although the increase was marginal, it still represents a 1.57 percent strength on a year-to-date basis.

The local currency dipped against the Sterling Pound by 0.05 percent to close the session at 129.21 shillings to the Pound, a -015 percent on a year-to-date basis.

The Kenyan shilling closed the day with 113.21 shillings against the Euro, a 0.06 percent strength representing a 2.78 percent gain on a year-to-date basis.

Kenyan Stock Market 

The total equity turnover declined 31.26 percent to stand at 5.16 million US Dollars (517.5 million shillings) compared to Wednesday’s market turnover of 7.51 million dollars.

NSE 20 and NASI stock indices declined by 0.39 and 0.89 percent to close at 3,058.29 and 158.85, respectively.

Related: Stocks Spike for the Week as Turnover Drops 0.9 Percent

Nevertheless, foreign investors assumed a net selling position by accounting for 82.98 percent of total market sales and 73.68 percent of total market purchases.

EAC Markets   

In EAC Markets, Uganda’s USE ALSI and LCI fell 0.01 and 0.04 percent to close at 1,869.38 and 378.74 respectively.

In Rwanda, RSI and RASI indices declined 0.45 percent and 0.07 percent to close at 125.50 and 130.67 respectively.

Also Read: 

Confirmed: The Port of Mombasa Was Used as Collateral for a Loan from China