Kenyan Shilling Still Weakening Against the US Dollar, Sterling Pound and the Euro

The Kenyan shilling has continued with its weakening trend on the second month against the US Dollar, the Sterling Pound, and the Euro.

Against the US Dollar, the Kenyan Shilling weakened by 0.8 percent year-to-date while against the Sterling Pound, the Shilling weakened by 6.1 percent. The shillings weakened further against the Euro by 8.6 percent year-to-date.

On the Kenyan Stock Market on Tuesday, the market turnover at the bourse went up by 4.6 percent to USD 4.78 million and equivalent 493.4 million shillings. The NSE 20 and NASI Indices dropped by 0.7 percent and 0.9 percent to close at 3,457.29 and 148.25 respectively.

Foreign investors assumed a net selling position by accounting for 81.3 percent of total market sales and 33.3 percent of total market purchases.

On the East African Community Markets, in Rwanda, the RSI and RASI indices held constant at 118.06 and 126.99 respectively while in Uganda, the USE ALSI went up 0.4 percent to close at 1,686.09 while USE LCI lost 0.43 percent to close at 362.10.