Kenyan Shilling Drops To The Lowest In History

The Kenyan shilling has continued with its losing mission against the US Dollar, going a step further to weaken against both the British Pound and the Euro.

The Kenyan shilling weakened by 0.12 percent against the US Dollar to close at 140.04 shillings (-13.51 percent year-to-date). The shilling also weakened against the Pound by 1.26 percent to close at 179.40 shillings (-20.84 percent year-to-date).

At the same time, the shilling weakened by 0.93 percent against the Euro to close at 153.31 shillings (-16.80 percent year-to-date).

On the Kenyan Stock Market, total equity turnover declined by 84.70 percent to close at USD 0.38 million (53.74 million shillings) compared to Friday’s turnover of USD 2.51 million (351.19 million shillings).

NSE 20 declined by 0.16 percent to close at 1,562.27 while NASI rose by 3.03 percent to close at 103.39, respectively.

Foreign investors assumed a net selling position by accounting for 13.22 percent of total market purchases and 26.07 percent of total market sales.

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