Kenyan Shilling Closes The Week With Neck Above Others
Stocks are a popular avenue for investment, but it’s far from the only option. Depending on your needs, income and when you’ll need to access the money, you can take advantage of a variety of different investment strategiesThe Kenyan shilling closed the week by strengthening against the US Dollar, the Pound, and the Euro.
The local currency strengthened 0.04 percent against the US Dollar to close the day at 103.82 shillings. The shillings also held ground at 0.41 percent against the Pound to close the day at 128.19 shillings.
Against the Euro, the shillings rejuvenated at 0.39 percent finishing the day at 113.70 shillings
Kenyan Stock Market
Total equity turnover rose 109.0 percent to close at USD 5.5 million (571.0 million shillings) compared to yesterday’s turnover of USD 2.6 million (273.3 million shillings).
NSE 20 and NASI indices each declined by 0.16 percent to close at 2,435.92 and 144.27 respectively.
Foreign investors assumed a net buying position by accounting for 84.76 percent of total market purchases and 62.52 percent of total market sales.
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