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Kenyan shilling steady, stocks close higher on NSE listing NAIROBI: The Kenyan shilling was steady on Tuesday, supported by a second straight day of central bank action in the money market as demand for dollars from importers picked up, while stocks closed higher, helped by the listing of the Nairobi Securities Exchange.On its first day of trading, demutualised Nairobi Securities Exchange's share jumped to an intraday high of 18.00 shillings from its initial public offering price of 9.50 shillings, but reversed some of its gains to close at 16.30 shillings a share.NSE's flotation raised 627 million shillings from the sale of 66 million new shares, with the issue oversubscribed by 664 664 percent."NSE has enjoyed significant volumes thus far ... Demand has been high," said Silha Rasugu, research analyst at Genghis Capital, said."Due to the oversubscription, the appetite for the stock was already existing. So that's one factor that has really influenced trading today."The main NSE-20 Share Index was ...

Ugandan shilling stable as players stay on sidelines ahead of auction KAMPALA: The Ugandan shilling remained stable on Tuesday with traders anticipating little change ahead of a Treasury auction this week, which the country hopes will draw healthy inflows from foreign investors.At 1025 GMT commercial banks quoted the shilling at 2,600/2,610, unchanged from Monday's close."I don't think we'll see a lot of activity in terms of taking positions before auction results come through," said Shahzad Kamaluddin, a trader at Crane Bank."The shilling will probably keep this ...
Kenyan shilling steady, supported by central bank mop-up NAIROBI: The Kenyan shilling was steady on Tuesday, supported by a second straight day of central bank action in the money market as demand for dollars from importers picked up.At 0846 GMT, commercial banks quoted the shilling at 88.60/70, unchanged from Monday's close of 88.60/70.The central bank said it was seeking to mop up 5 billion shillings of excess liquidity, after it mopped up 5.93 billion shillings on Monday. Such operations make it more expensive ...
Rand near month low vs dollar, investors worry about current a/c JOHANNESBURG: The rand weakened to near a month-low against the dollar early on Tuesday as investors worried about the health of South Africa's economy, while the dollar enjoyed broad-based strength.Investors are waiting the South African Reserve Bank's release of reams of second quarter data in its quarterly bulletin report at 0800 GMT. The main focus will be the current account number, which analysts expect to have widened to a deficit of 5.45 percent of GDP, ...
Concerns about South Africa weak fundamentals knock rand JOHANNESBURG: South Africa's rand extended losses to a one-month low against the dollar on Monday as analysts bet key indicators such as the current account, mining and manufacturing production would show the economy was taking a beating.This week sees the release of the central bank's current account report on Tuesday, which includes trade and spending data for the second quarter. On Thursday Statistics South Africa will put out mining and manufacturing production numbers for July. ...
Kenyan shilling reverses session gains, stocks up slightly NAIROBI: Commercial banks quoted the Kenyan shilling at 88.60/70 to the dollar at 1300 GMT on Monday, the same as Friday's close, after it gained briefly during the session before reversing those gains, while stocks closed slightly higher.Traders said they expected the shilling to trade in the 88.50 to 89.00 range in coming days and have a bias towards strengthening.During the session it touched 88.30/40 to the dollar before reversing the gains.Traders said the central ...
Kenyan shilling steady, might strengthen with central bank help NAIROBI: The Kenyan shilling was steady on Monday and traders said they expected it to have a bias towards strengthening, helped by lower dollar demand from companies and possibility of further action by the central bank to mop up excess liquidity.At 0740 GMT, commercial banks quoted the shilling at 88.60/70 to the dollar, the same as Friday's close. Traders said they expected the shilling to trade in the 88.50 to 88.70 range during the session."I ...

 



 
IndexClosingChg%
ArrowDJIA 17,042.90 0.17
ArrowNasdaq 4,493.39 0.28
ArrowS&P 1,972.29 0.28
ArrowFTSE 6,622.72 0.36
ArrowDAX 9,474.30 0.55
ArrowCAC-40 4,416.24 1.33
ArrowNikkei 16,173.52 0.84
ArrowH.Seng 22,932.98 1.28
ArrowSensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln