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Kenyan Shilling Remains Relatively Unchanged Against The US Dollar

BY Standard Investment Bank · October 15, 2024 07:10 am

Exchange Rate Performance

The Kenyan shilling remained relatively unchanged against the US Dollar to end the day on Monday at 129.20 (17.43 percent year-to-date). The local currency weakened against the British Pound by 0.11 percent to close at 168.75 (15.54 percent year-to-date).

Against the Euro, the Kenyan Shilling strengthened by 0.10 percent to close at 141.15 (18.78 percent year-to-date).

Read Also: Safaricom Accounts For 66.3% Of Thursday’s Turnover As Foreign Investors Turn Bearish

Kenyan Stock Market

Total equity turnover eased by 79.86 percent to close at USD 0.53 MN (KES 68.30 MN) compared to Friday’s turnover of USD 2.63 MN (KES  339.18 MN).

NSE 20 and NASI rose by 1.15 and 1.04 percent to close at 1,827.40 and 111.27 respectively.

Foreign investors assumed a net buying position by accounting for 31.82% of total market purchases and 7.24% of total market sales.

Read Also: Why Is The NSE Dead When We Have So Much Opportunity For IPOs And a Sustainable Ecosystem Of Investments?

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