Exchange Rate Performance
The Kenyan shilling has continued to lose ground against the US Dollar. On Friday, the local currency ended the week falling at the lowest in history. It weakened 0.04 percent against the US Dollar to close at 122.03 (-7.86 percent year-to-date).
On a positive note, the local currency strengthened 0.10 percent against the pound to close at 144.84 (+4.75 percent year. It also strengthened against the Euro by 0.50 percent to close at 126.31 (+1.31 percent year-to-date).
Kenyan Stock Market
Total equity turnover grew by 28.27 percent to close at USD 3.04 MN (KES 371.13 MN) compared to yesterday’s turnover of USD 2.37 MN (KES 289.34 MN).
NSE 20 and NASI grew by 0.34 percent and 0.19 percent to close at 1,664.82 and 129.02, respectively.
Foreign investors assumed a net selling position by accounting for 51.13 percent of total market purchases and 59.03 percent of total market sales.