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Market News

Kenyan Shilling Kicks Off The Week With A Deep Dive

BY Soko Directory Team · November 7, 2022 05:11 pm

KEY POINTS

Total equity turnover fell by 35.78 percent to close at USD 1.08 MN (KES 131.58 MN) compared to Friday's turnover of USD 1.69 MN (KES 204.91 MN).

KEY TAKEAWAYS

NSE 20 and NASI shrunk by 0.76 percent and 0.02 percent to close at 1,663.00 and 127.53, respectively.

Foreign investors assumed a net selling position by accounting for 53.42 percent of total market purchases and 89.85 percent of total market sales.

Exchange Rate Performance

The Kenyan shilling has continued with its weakening record against the US Dollar. On Monday, the local currency weakened 0.03 percent against the US Dollar to close at 121.54 shillings (-7.42 percent year-to-date).

The shilling also weakened 0.53 percent against the Euro to close at 119.48 shillings (+6.65 percent year-to-date). However, against the Pound, the local currency strengthened 0.15 percent to close at 136.70 shillings (+10.10 percent year-to-date).

Related Content: Kenyan Shilling Sinks Deeper, Hits Lowest In History

Kenyan Stock Market

Total equity turnover fell by 35.78 percent to close at USD 1.08 MN (KES 131.58 MN) compared to Friday’s turnover of USD 1.69 MN (KES 204.91 MN).

NSE 20 and NASI shrunk by 0.76 percent and 0.02 percent to close at 1,663.00 and 127.53, respectively.

Foreign investors assumed a net selling position by accounting for 53.42 percent of total market purchases and 89.85 percent of total market sales.

Related Content: Markets Wrap Up For The Week: Weekly Turnover Dips 30%

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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