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
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