Closing Bell – 31 May 2012
There were 63 million Safaricom shares traded today on the NSE. The share price however remained unmoved at KES 3.25. Newbie share Longhorn Kenya Limited was the biggest gainer of the session, the counter closing KES 1.60 up (9.91%) to close its second trading day at KES 17.75.
Trend in Cost of Living
Kenyans are constantly being forced to dig deeper into their pockets in order to make ends meet. If it’s not the price of “Unga” that has increased then its fuel prices. If it’s not transport fare that has increased then it’s the price of sugar. The cost of…
Results of Yesterday’s T-Bill Auction
Yesterday, the Central Bank of Kenya (CBK) auctioned 182 day Treasury bills worth KES 2 billion. For the bill the bank received 934 bids amounting to KES 1.2 billion which represents a subscription of 59%. Clearly, the trend of gross under-subscription for government securities as we observed at the last…
Safaricom Subscribers Get 50% Bonus Airtime
Mobile phone subscribers on the Safaricom network will get a 50% bonus airtime when they top up from the operator’s mobile money service M-Pesa. This is a top-up to the May 10% bonus that the company has been offering on purchase of airtime from M-Pesa. The 10% bonus offer…
Stocks Watch – 31 May 2012
DTK, KQ, Longhorn and Scangroup make up or list of to-watch shares today. DTK was up 5.7% in yesterday's trading while Scangroup closed 7.84% higher at KES 55 from KES 51 the previous day.
Forex Trail – 31 May 2012
Below is a table comparing the performance of the Kenya Shilling against major international and regional currencies over the last two trading days; Tuesday 29th and Wednesday 30th May 2012. Currency Date US Dollar Sterling Pound Euro SA Rand KES/USHS KES/TSHS KES/RWF 29/05/2012 85.3958 134.1424 107.5728 10.2703…
Price of Basic Commodities Increase Over The Month of May
Statistics from the Kenya National Bureau of Statistics (KNBS), yesterday, revealed that Consumer Price Indices (CPI) had increased by 0.26 per cent from 133.74 in April 2012 t0 134.09 in May 2012, signifying that May was generally a more expensive month to many as compared to…
Inflation Rate Drops
The Kenya National Bureau of Statistics (KNBS) has released Consumer Price Indices (CPI) and rates of inflation for the month of May 2012. KNBS generates the numbers using data collected during the second and third weeks of every month under review to get the CPI. The CPI increased by 0.26 % from…
KQ Announces Eldoret Route
National carrier Kenya Airways has announced the launch of flights to two new destinations – Kilimanjaro in Northern Tanzania and Eldoret in Kenya’s Rift Valley – beginning July. The airline will, from July 2, fly to Kilimanjaro International Airport and twice daily to Eldoret starting July 4. The launch of the…
Mobile Termination Rates Lowered
The long debated mobile termination rate has been set at Shs. 1.60 by the Communications Commission of Kenya. The regulator had announced earlier that it planned to lower mobile termination rates (MTR) in July from the current Sh2.21 to Sh1.44 a minute. MTR is the amount of money an operator pays…
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