Closing Bell – 26 July 2012
INDICES At today’s trading, the NSE 20-Share Index gained for a seventh consecutive day to reach a new one-year high, adding 0.03 points to close at 3,878.52 points from 3,878.49 points yesterday. The All Share Index meanwhile dropped 0.31 points closing at 84.35 points from 84.66…
KCB Half-Year Earnings Due Today as Share Hits Three Year Peak
Kenya Commercial Bank, the top ranked bank in Kenya last year, is to announce its half-year profit for this year at 1.00 pm today, one day after the bank’s shares yesterday climbed to their highest price of just under three years at the Nairobi Securities Exchange.
Stocks Watch
NIC Bank – Shares in the bank yesterday climbed 0.68 percent to close at their second highest price in one year at KES 37.25 from KES 37.00 on Tuesday. Next month, NIC is scheduled to carry out Kenya’s second largest rights issue of this year set to raise 2.07 billion…
Closing Bell – 25 July 2012
INDICES At today’s trading, the NSE 20-Share Index gained for a sixth consecutive day to reach a new one-year high of 3,878.49 points closing up 0.85 percent. The NSE All Share Index meanwhile closed up 0.97 percent to 84.66 points from 83.85 points yesterday.
Forex Trail – 25 July 2012
Below is a summary of the Kenya Shilling’s performance against major currencies so far this week: The Kenya Shilling’s Performance so far this week This week the shilling has remained stable against foreign currencies, exchanging in the range of KES 84 against the US…
Self Sustaining Homes the Solution for Kenya
Housing Finance is set to receive a USD 16 million loan from the IFC which will be used to fund the construction of environmentally friendly real estate projects. The proposed initiative will be used to finance buyers and builders who incorporate solar power and water conservation.
Kenyan Stock Market Index Rallies on Soaring Blue Chip Shares
The NSE 20 Share Index yesterday rallied to reach a new one-year high of 3,845.93 points which marks a 20 percent improvement of the measuring index this year spurred on by equally performing blue chip shares at the Kenyan Stock Market. More than half…
Mortgage Brokerage: Fact or Farce?
After a long day's work, going home, your own home is probably one of the most fulfilling thing most people would want to experience in their life time. With the growing rate of urban dwelling, the traditional idea of establishing a home in ones ancestral village is fast fading out.
No Dividend Payments for ARM Shareholders
Athi River Mining (ARM) shareholders will not receive dividends for the year ended June 2012. According to the company’s Board of Directors, the revenue will instead be used to finance other projects, including the construction of a cement plant in Dar Es Salaam. “The best use…
Stocks Watch
At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: Athi River Mining – Kenya’s second largest cement firm yesterday posted a 24 percent rise in pre-tax profit for the six months to June this year compared to 2011 according…
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