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Kenyan Shilling Still Holding Fort Against The Dollar Despite Pressure

BY Soko Directory Team · December 11, 2024 11:12 am

The Kenyan shilling has continued to hold strong against the US Dollar and other major currencies, only dipping minimally despite the mounting pressure.

Exchange Rate Performance

  • USD|KES: KES weakened by 0.01% to close at 129.31 (17.35% year-to-date).

  • GBP|KES: KES weakened by 0.17% to close at 165.23 (17.30% year-to-date).

  • EUR|KES: KES weakened by 0.03% to close at 136.79 (21.29% year-to-date).

Kenyan Stock Market

Total equity turnover advanced by 675.25% to close at USD 4.94 MN (KES 639.94 MN) compared to yesterday’s turnover of USD 0.64 MN (KES  82.54 MN).

NSE 20 and NASI rose by 0.75% and 2.77% to close at 1,854.44 and 119.32 respectively.

Foreign investors assumed a net buying position by accounting for 61.70% of total market purchases and 57.49% of total market sales.

Read Also: Kenyan Shillings Maintains Resilience Against The US Dollar With Slight 0.06% Shedding

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