KQ Share Displays Signs of Recovery

The Kenya Airways share today displayed positive signs after having a turbulent time in last week’s trading. The counter opened trading this morning at Kshs. 13.30, 15 cents up from Friday’s close of Kshs. 13.15. The counter traded rather today eccentrically, quickly rising to Kshs. 13.95 after opening then later dropping to Kshs. 13.35 before rising steadily to close today’s trading session as Kshs. 13.70. The counter moved 151,600 shares with a value of Kshs. 1.99 million.

While the share increase is welcome to shareholders, one must remember that this is still below the rights price for the shares offered under the rights issue of Kshs. 14.

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