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Kenyan Shilling Sinks Further Against The US Dollar

BY Soko Directory Team · November 3, 2022 04:11 pm

KEY POINTS

Total equity turnover shrunk by 33.22 percent to close at USD 0.79 MN (96.18 million shillings) compared to yesterday's turnover of USD 1.19 MN (114.04 million shillings).

KEY TAKEAWAYS

NSE 20 and NASI shrunk by 0.10 percent and 0.09 percent to close at 1,682.55 and 127.82, respectively.

Foreign investors assumed a net selling position by accounting for 33.91 percent of total market purchases and 60.08 percent of total market sales.

Exchange Rate Performance

The Kenyan shilling has continued its weakening against the US Dollar. On Thursday, the local currency sunk 0.03 percent to end the day at 121.45 shillings with a loss of 7.35 percent on a year-to-date basis. This is the lowest it has ever fallen in history.

Against the British Pound, the local currency strengthened 0.03 percent to close the day at 139.85 shillings (+8.03 percent year-to-date). Against the Euro, the shilling strengthened 0.07 percent to close at 120.34 shillings (+5.98 percent year-to-date).

Kenyan Stock Market

Total equity turnover shrunk by 33.22 percent to close at USD 0.79 MN (96.18 million shillings) compared to yesterday’s turnover of USD 1.19 MN (114.04 million shillings).

NSE 20 and NASI shrunk by 0.10 percent and 0.09 percent to close at 1,682.55 and 127.82, respectively.

Foreign investors assumed a net selling position by accounting for 33.91 percent of total market purchases and 60.08 percent of total market sales.

Related Content: Kenyan Shilling Drops Lowest In History On Wednesday

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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