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Stocks Watch

At today’s trading at the Nairobi Securities Exchange, we will be closely observing the following share counters: NIC Bank – The shares gained for a fourth consecutive day to close at KES 37.75 representing a 1.34 percent gain since Wednesday’s closing price. NIC will next month…
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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…
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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.
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My 15min Chat With a Bank CEO: Today’s Topic of Discussion

Join Isaac Awuondo, CEO, Commercial Bank of Africa and Samuel Kimani, CEO, Jamii Bora Bank, today, 26 July, as they discuss about investments and the role banks play in financial inclusion. Samuel Kimani’s chat session begins at 10AM focussing on the role banks play in Financial Inclusion…
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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…
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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.
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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…
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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…
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The Scam: Local Credit Card Theft Syndicate

Be very vigilant when your credit card is being swiped, as cyber criminals are now focused on paying shop operators to get key information from customers. Cyber criminals then sell obtained credit card information for not less than USD 10 (approximately KES 843) to any willing buyer, both locally and…
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KPRL Free to Buy any Crude Oil Type

The move by the government to upgrade Kenya Petroleum Refinery Limited (KPRL) to merchant status frees KPRL from being tied down to one crude type. KPRL will now be free to look for more economic crudes to process thus fast benefiting the country’s economy.
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