Pesa Portfolio – 15 June 2012
Below is a table showing the performance of the Pesa Portfolio following yesterday’s closing bell at the Nairobi Securities Exchange. The portfolio gained KES 45 in yesterday’s trading. The Mumias Sugar stock gained 10 cents in yesterday’s trading to close at KES 6.10 and add…
Treasury Backs KRA in Property Tax Collection
One of the highlights from yesterday’s budget speech is treasury’s introduction of new measures to rope landlords into the tax bracket. This isn’t the first time such a move has been made. In 2005, Kenya Revenue Authority (KRA) announced plans to use bank accounts…
Banks to be Liable For Agents' Actions
Banks will now be liable for the actions of their appointed agents in regard to service rendered to clients on their behalf. In a bid to protect bank clients, Finance Minister Njeru Githae said in the budget statement 2012/2013 that the government is committed to ensuring that the clients’ interest…
Forex Trail – 15 June 2012
The Kenya Shilling gained 0.22% against the USD in yesterday's trading. The Kenya Shilling also rose against the Sterling Pound, the SA RAnd, the Uganda Shilling, the Tanzania Shilling and the Rwanda Franc only dropping value against the Euro.
Stocks Watch – 15 June 2012
At the close of trading at the NSE yesterday, the NSE 20-share index stood at 3,685.36 while the All-share index stood at 79.41. The total number of shares traded stood at 36.596 million in 1288 deals. The equity turnover stood at KES 254.466 million. In today’s trading we will be…
What Brought Down Fuel Prices?
Energy Regulatory Commission (ERC) yesterday reviewed fuel prices, lowering pump prices for super petrol, diesel and kerosene by KES 3.46, KES 2.93 and KES 3.80 per litre respectively. Super petrol will now retail at KES 117.67, diesel at KES 105.51 and Kerosene at KES 83.20. So, what factors…
KQ Dividend Drops 5 Times
The number of KQ shares has increased 4 times while the profits for the year have dropped by a little over half. Shareholders' dividends will then reduce by 6 times from KES 1.50 paid out last year to KES 0.25 to be paid out this year.
Closing Bell – 14 June 2012
A summary of the day's events at the NSE.
Petrol Price Drops by KES 3.46 a Litre in Nairobi
Our pump price projections were almost accurate with our diesel price estimates narrowly missing the exact price by KES 0.07. That aside, the price of super petrol has dropped by KES 3.46 to retail at KES 117.67 per litre in Nairobi. Diesel will retail at KES 105.51 per litre, down…
Budget 2012: The 40 Most Important Bits
A few tidbits from the 2012/2013 budget reading in parliament.
Energy Regulator is Actually Saving Us Money on Fuel
In the recent past, there have been debates from both the public and parliamentarians, on whether or not the Energy Regulatory Commission (ERC) should be disbanded. The ERC has been blamed for not acting in the interest of consumers, a concern brought about by the continuous upward trend in fuel pump…
Kenya Airways Shareholders to Get Low Dividend
Kenya Airways directors have recommended payment of a first and final dividend of KShs 0.25 per share for approval by the shareholders at the forthcoming Annual General Meeting to be held on 27 September 2012. This final dividend is down from the previous period’s dividend of…
PesaPortfolio – 14 June 2012
Below is the value of our portfolio as at the close of trading at the NSE on Wednesday 13thJune: The PesaPortfolio as at 14th June 2012 As at the close of trading yesterday, our PesaPortfolio stands at KES 93,246.70. This is KES 72.50 lower than the value on Tuesday.
KQ Pre-tax Profits Dip
National Carrier Kenya Airways‘ profits before tax have dropped to Ksh. 2.15 billion down from Kshs. 5 billion the previous period. Speaking at the release of the results Thursday, Group CEO Titus Naikuni attributed this drop to high fuel prices that made operations for the airline industry…
Budget ya Masufferer
[View the story “Budget ya Masufferer” on Storify]…
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