Kenya Shilling Shown Dust By US Dollar, Pound And Euro

Exchange Rate Performance

The Kenyan shilling lost ground against three major global currencies; the US Dollar, the Pound, and the Euro. Against the US Dollar, the shilling shed off 0.05 percent to close at 121.67 (-7.54 percent year-to-date).

At the same time, the local currency weakened 0.14 percent against the British Pound to close at 139.34 (+8.36 percent year-to-date). It also weakened 0.19 percent against the Euro to close at 121.59 (+5.00 percent year-to-date).

Kenyan Stock Market

Total equity turnover dropped by 32.07 percent to close at USD 1.79 MN (KES 217.52 million) compared to yesterday’s turnover of USD 2.63 million (KES 320.22 million).

NSE 20 and NASI grew by 0.28 percent and 0.43 percent to close at 1,669.31 and 127.91, respectively.

Foreign investors assumed a net selling position by accounting for 34.94% of total market purchases and 78.54% of total market sales.