Exchange Rate Performance
The Kenyan shilling kicked off the week by weakening against the US Dollar by 0.06 percent to close at 129.27 (17.38 percent year-to-date). The same trend was witnessed against the Pound where it weakened by 0.12 percent to close at 170.05 (14.89 percent year-to-date).
At the same time, the local currency weakened against the Euro by 0.18 percent to close at 143.46 (17.45 percent year-to-date).
Kenyan Stock Market
Total equity turnover dropped by 54.25 percent to close at USD 0.83 MN (KES 106.97 MN) compared to Friday’s turnover of USD 1.81 MN (KES 233.44 MN).
NSE 20 and NASI rose by 1.19 percent and 0.94 percent to close at 1734.65 and 107.31, respectively
Foreign investors assumed a net buying position by accounting for 68.17% of total market purchases and 53.07% of total market sales.
Read Also: Kenyan Shilling Ends The Week At Ksh 126.7 To The Dollar Catapulted By Diaspora Remittances