This archive report was first published on 18 November 2019.
According to a weekly bulletin by the Central Bank of Kenya (CBK), the Kenya Shilling strengthened against major international and regional currencies last week, amid capital inflows.
On November 14, 2019, the exchange rate stood at KSh 102.10 per US Dollar, a significant improvement from KSh 102.95 on November 7, 2019.
The Nairobi Securities Exchange (NSE) witnessed a decline in its indices, with the NSE 20 share Index dropping 64.91 points to 2652.95 and the NSE 25 share index falling to 3852.06 points by the end of the week.
Trading activity was subdued, with 86 million shares valued at KSh 2.7 billion transacted, a significant decrease from the 178 million shares valued at KSh 6.0 billion traded the previous week.
The release of Q3 earnings by major commercial banks drew investor interest, with the banking sector accounting for 83.40% of the day's traded value on Monday, November 11.
By the end of the week, the banking sector had transacted shares worth KSh 1.3 billion, with Equity Group Holdings being the most active, followed by KCB Group Plc and Diamond Trust Bank.
