NAIROBI (Xinhua) --
The Kenya shilling was largely stable against the
U.S. dollar on Friday as inflows from the agriculture sector
rose to offset surging dollar demand.
The shilling closed
the week at an average of 102.35, a slight decline from a strong
position of 102.33 where it stood on Thursday.
The Central Bank of
Kenya put the local currency at 102.36 on Friday, a decline from
102.34 in the previous session.
Commercial banks, on
the other hand, placed the shilling at between 102.35 and
102.45, the same margins the currency had ended on Thursday.
Forex traders noted
that surging demand for dollars was exerting pressure on the
shilling, but there was high inflows from the agriculture
sector, in particular, horticulture helping to balance off.
Against the sterling
pound, the shilling weakened to trade at a low of 146.54 from
145.24 in the Thursday trading.
that the shilling would face pressure in the short-term as
retail importers raise end-month dollar demand.
NAIROBI (Xinhua) --
Kenya’s Nairobi Securities Exchange (NSE)
recorded mixed performance on Thursday as both turnover and All
Share Index rose but the large stocks indicator declined.
31 percent to stand at 8.6 million U.S. dollars on a volume of
27 million shares from 19 million worth 6.7 million dollars on
The NSE 20 Share
Index, on the other hand, fell 3.04 points to close at 3,710.16
as the NSE All Share Index (NASI) gained 1.11 points to close at
Bank, Diamond Trust Bank, Kenya Commercial Bank (KCB) and
Cooperative Bank accounted for 68 percent of the total turnover.
The most traded
counters, however, were Safaricom, Cooperative Bank, KenolKobil,
Equity Bank and KCB moving 6.6 million, 3.9 million, 3.7
million, 3.3 million and 2.2 million shares respectively.
were net sellers, accounting for 54 percent of the total market
sales and 49 percent of purchases.
At the bond section,
turnover went down to stand at 13 million dollars from 45
million dollars in the previous session.