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Markets On Thursday: Kenyan Shilling Strengthens Against The US Dollar, Pound, And The Euro

BY Dyer and Blair · May 31, 2024 09:05 am

KEY POINTS

Total equity turnover advanced by 1232.60% to close at USD 67.22 MN (KES 8.86 BN) compared to yesterday's turnover of USD 5.04 MN (KES 669.44 MN).

The Kenyan Shilling

The Kenyan shilling has continued to strengthen against the three major global currencies; the US Dollar, the British Pound, and the Euro.

Against the US Dollar, the local currency strengthened by 0.64% to close at 131.87 (15.72% year-to-date). It also strengthened by 1.28% against the British Pound to close at 167.39 (16.22% year-to-date). At the same time, it strengthened by 1.26% against the Euro to close at 142.33 (18.10% year-to-date).

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Kenyan Stock Market

Total equity turnover advanced by 1232.60% to close at USD 67.22 MN (KES 8.86 BN) compared to yesterday’s turnover of USD 5.04 MN (KES 669.44 MN).

NSE 20 rose by 0.15% to close at 1,724.18 while NASI eased by 1.04% to close at 113.09.

Foreign investors assumed a net buying position by accounting for 96.86% of total market purchases and 92.49% of total market sales.

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