Kenyan Shilling Sheds More Feathers, Drops Lowest On Monday

Exchange Rate Performance

On Monday, the Kenyan shilling continued with its losing trend, losing against all three major global currencies; the US Dollar, British Pound, and the Euro.

The local currency weakened against the US Dollar by 0.05 percent to close at 123.89 shillings. The local currency has so far lost 0.42 on a year-to-date. The shilling also weakened by 0.25 percent against the Pound to close at 150.98 (-1.69 percent year-to-date).

At the same time, the Kenyan Shilling weakened 0.46 percent to close at 133.93 shillings (-2.03 percent year-to-date).

Kenyan Stock Market

Total equity turnover dropped by 24.29 percent to close at USD 1.27 MN (KES 157.89 MN) compared to Friday’s turnover of USD 1.68 MN (KES 208.56 MN).

NSE 20 and NASI fell by 0.03 percent and 1.05 percent to close at 1,694.71 and 121.96 respectively.

Foreign investors assumed a net buying position by accounting for 59.25 percent of total market purchases and 59.04% of total market sales.

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