Headlines

Kenyan Shilling Falls Deep Into A Hole, Deepest In History

BY Soko Directory Team · March 16, 2023 11:03 am

KEY POINTS

Foreign investors assumed a net selling position by accounting for 11.79% of total market purchases and 67.47% of total market sales.

KEY TAKEAWAYS

Total equity turnover rose by 177.74 percent to close at USD 3.03 million (393.06 million shillings) compared to yesterday's turnover of USD 1.09 million shillings (141.52 million shillings).

Exchange Rate Performance

The Kenyan shilling weakened further against the US Dollar by 0.10 percent to close at 129.59 (-5.04 percent year-to-date). It also weakened against the Pound by 0.60 percent to close at 157.64 (-6.18 percent year-to-date). Against the Euro, it weakened by 0.21 percent to close at 138.86.

Kenyan Stock Market

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Total equity turnover rose by 177.74 percent to close at USD 3.03 million (393.06 million shillings) compared to yesterday’s turnover of USD 1.09 million shillings (141.52 million shillings).

NSE 20 rose by 0.07 percent to close at 1,590.60 while NASI shed 2.75 percent to close at 110.62.

Foreign investors assumed a net selling position by accounting for 11.79% of total market purchases and 67.47% 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