Closing Bell 19/4/2012
Safaricom was the day's biggest mover, over 5.9 million shares traded.
No KQ rights were sold today.
A Move to Airtel for the Off-Net Calls
Figures from the Communications Commission of Kenya, 2nd Quarter October – December Report 2011, indicate that Airtel’s overall off-net voice traffic, over the period of October to December 2011, surpassed those of its on-net voice traffic. The off-net call minutes stood at 429,766,670 while those of…
Results of Wednesday’s T-Bill Auction
The Central Bank of Kenya yesterday auctioned 91 day and 182 day Treasury bills worth KES 7 billion. The 91 day T-bill received a subscription of 67% representing bids worth KES 2.7 billion while the 182 day T-bill received bids worth KES 5.3 billion representing a…
Stocks Watch
At the close of business yesterday the NSE All Share index had moved up 0.56 points (0.75%) to close at 75.49 points while the NSE 20-share index moved 20.85 points to close at 3489.24points (0.81%). Safaricom Limited was yesterday’s biggest mover with 34.22 million shares being traded in the session…
Forex Trail
Below is a summary of how the Kenya shilling performed against major global and regional currencies as at the close of business on Wednesday as compared to Tuesday: Currency US Dollars Sterling Pounds Euro SA Rand KES/USHS KES/TSHS KES/RWF Date 17/04/2012 83.15 131.9187 108.95 10.4478 30.0663 19.062 7.2942 18/04/2012 83.138…
They've Got Milk
Eastleigh is the land of milk, but without the honey. In the past few weeks, there has been a shortage of milk in the estate shops and some supermarkets. But while the rest of the country was scouting from a shop to another in search of just a…
Closing Bell 18/4/12
A summary of the day's NSE and Exchange Rate activity.
Forex Trail
Forex Trail is a daily tracker of exchange rates, observing daily performance and offering some insights and predictions.
President Urges EALA to Remove Trade Barriers
President Mwai Kibaki on Tuesday urged member states of the East African Community to hasten removal of trade barriers. The president was addressing the fourth sitting of The East African Legislative Assembly (EALA). President Kibaki spoke against the existence of trade barriers in the regional economic bloc even after the…
Integration, What Does it Mean?
Over the last few years there’s been quite a bit of discussion on integration and how the East Africa Community can be united into one economic block. This integration would include the unification of economic policies between the five East African States through the partial or full abolition of tariff…
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