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Kenyan Shilling Sinks Further, CBK Blows Whistle And Says “Play On”

BY Soko Directory Team · August 19, 2023 09:08 am

KEY POINTS

Total equity turnover dropped by 16.11% to close at USD 0.89 MN (KES 128.42 MN) compared to yesterday's turnover of USD 1.06 MN (KES 153.08 MN). 

Seems there might be no immediate hope for the Kenyan shilling as it continues to receive a beating from the US Dollar.

Exchange Rate Performance

  • USD|KES: KES weakened by 0.10% to close at 144.18 (-16.87% year-to-date).
  • GBP|KES: KES weakened by 0.25% to close at 184.00 (-23.94% year-to-date).
  • EUR|KES: KES strengthened by 0.06% to close at 157.14 (-19.71% year-to-date).

Read Also: Pressure On The Kenyan Shilling To Continue As It Ends The Week The Lowest In History

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Kenyan Stock Market

Total equity turnover dropped by 16.11% to close at USD 0.89 MN (KES 128.42 MN) compared to yesterday’s turnover of USD 1.06 MN (KES 153.08 MN).

NSE 20 and NASI dropped by 0.98% and 0.84% to close at 1,532.46 and 101.35 respectively.

Foreign investors assumed a net selling position by accounting for 26.00% of total market purchases and 33.71% of total market sales.

Read Also: Kenyan Shilling Continues To Fall, Hits The Lowest In History

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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