Shilling At The Lowest In History Against The US Dollar

The Kenyan Shilling

The Kenyan shilling is still at its lowest in history against the US Dollar. On Thursday, the local currency shed 0.03 percent closing the day at 119.03 shillings. It has also weakened 5.21 percent on a year-to-date basis.

There was some good news when it came to the Pound and The Euro. The shilling strengthened 0.29 percent against the British pound to close at 144.93 (+4.68% year-to-date). It also strengthened 0.39 percent against the Euro to close at 121.21 (+5.30% year-to-date).

Kenyan Stock Market

Total equity turnover edged up by 5.31 percent to close at USD 3.81 MN (KES 452.97 MN) compared to yesterday’s turnover of USD 3.61 MN (KES 430.13 MN).

The NSE 20 and NASI rose by 0.26 percent and 0.96 percent to close at 1,719.40 and 141.28, respectively.

Foreign investors assumed a net selling position by accounting for 70.91 percent of total market purchases and 82.19 percent of total market sales.

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