Kenyan Shilling Kicks Off December In The Red

By Soko Directory Team / Published December 2, 2022 | 8:35 am

Exchange Rate Performance

The Kenyan shilling kicked off the month of December with its usual losing spree. The local currency has been losing ground against the US Dollar since the year began, falling to the lowest in history.

On December 1st, the shilling weakened by 0.04 percent to close at 122.50 (-8.27 percent year-to-date). It however strengthened by 0.19 percent against the British Pound to close at 146.92 (+3.37 percent year-to-date). The shilling also strengthened by 0.12 percent against the Euro to close at 126.97 (+0.80% year-to-date).

Kenyan Stock Market

Total equity turnover fell by 21.39 percent to close at USD 1.87 MN (KES 228.72 MN) compared to yesterday’s turnover of USD 2.38 MN (KES 290.95 MN).

NSE 20 and NASI grew by 0.11% and 0.30 percent to close at 1,639.38 and 126.86, respectively.

Foreign investors assumed a net selling position by accounting for 2.00 percent of total market purchases and 15.74% of total market sales.

About Soko Directory Team

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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