Kenyan Shilling Still Feeling The Heat Of The Dollar

Exchange Rate Performance

The Kenyan shilling has continued with its weakening trend against the US dollar, falling to the lowest in history on Tuesday. The local currency weakened 0.04 percent to close at 123.09 (-8.80 percent year-to-date).

The shilling, however, found a footing against the Pound after it strengthened 0.06 percent to close at 149.81 (+1.48% year-to-date). It also strengthened against the Euro by 0.16 percent to close at 130.56 (-2.01 percent year-to-date).

Kenyan Stock Market

Total equity turnover advanced by 373.86 percent to close at USD 2.34 million (287.79 million shillings) compared to yesterday’s turnover of USD 0.49 MN (KES 60.73 MN).

NSE 20 and NASI dropped by 0.04 percent and 0.22 percent to close at 1,655.21 and 128.35.

Foreign investors assumed a net selling position by accounting for 60.03 percent of total market purchases and 75.01 percent of total market sales.

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