CMA asks tech firms to follow global trends to dominate NSE
CMA asks tech firms to follow global trends to dominate NSE
Stay updated with breaking news from Kenya Index. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
CMA asks tech firms to follow global trends to dominate NSE
A combination of weakening of the shilling and share price decline on constituent stocks has helped lower performance of the index.
The weakening of the shilling in the first quarter of the year saw the Nairobi Securities Exchange (NSE) trail African peers in dollar returns.
The weakening of the shilling and falling blue chip stock prices have left the Nairobi Securities Exchange (NSE).
Kenyan shilling edges up on lacklustre demand for dollars Reuters 1 hr ago NAIROBI, April 13 (Reuters) - The Kenyan shilling strengthened against the dollar on Tuesday due to a sharp slowdown in demand for hard currency. At 0930 GMT, commercial banks posted the shilling at 106.80/107.00, slightly up from Monday's close of 107.00/20. The currency of East Africa's richest economy has been gaining over the past fortnight, thanks to positive sentiments created by the approval of a new financing line for the government by the IMF, amid higher dollar inflows. ..........................