Kenyan Shilling Still Roving In The Dark, At Lowest In History
KEY POINTS
Total equity turnover grew by 23.59 percent to close at USD 2.83 MN (KES 340.84 MN) compared to yesterday's turnover of USD 2.29 MN (KES 275.79 MN).
Foreign investors assumed a net selling position by accounting for 6.42% of total market purchases and 50.51% of total market sales.
Exchange Rate Performance
The Kenyan shilling has continued to lose ground against three major global currencies; the US Dollar, the British Pound, and the Euro.
On Thursday, the local currency weakened by 0.04 percent against the US Dollar to close at 120.50. It also weakened by 0.16 percent against the Pound to close at 137.64. Against the Euro, it weakened by 0.14 percent to close at 120.44.
Kenyan Stock Market
Total equity turnover grew by 23.59 percent to close at USD 2.83 MN (KES 340.84 MN) compared to yesterday’s turnover of USD 2.29 MN (KES 275.79 MN).
NSE 20 and NASI fell by 0.56 and 0.16 percent to close at 1,739.08 and 134.75, respectively.
Foreign investors assumed a net selling position by accounting for 6.42% of total market purchases and 50.51% of total market sales.
Related Content: Kenyan Shilling Falls Further, Ends The Week At Ksh 120.4
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