Kenyan Shilling Strengthens Against The US Dollar But Weakens Against The Pound

The Kenyan shilling has continued to strengthen against the US Dollar. On Tuesday, the trend continued but felt the heat against the British Pound and the Euro.

The Exchange

The shilling strengthened by 0.19 percent against the US Dollar to close at 130.22 (16.77% year-to-date). It, however, weakened by 0.45 percent against the Pound to close at 164.83 (17.51% year-to-date). It also weakened by 0.40% to close at 141.38 (18.64% year-to-date).

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Kenyan Stock Market

Total equity turnover eased by 24.45% to close at USD 2.69 MN (KES 350.42 MN) compared to yesterday’s turnover of  USD 3.56 MN (KES 464.70 MN).

NSE 20 eased by 0.20% to close at 1738.99 and NASI eased by 1.06% to close at 109.82.

Foreign investors assumed a net buying position by accounting for 65.21% of total market purchases and 13.28% of total market sales.

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