Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Jubilee Holdings Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Jubilee Holdings Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 3.33% to close at KES 4.65 which was a KES 0.15 gain in share price. Jubilee Holdings Limited (JUB) was the top loser of the…
Investors lose Sh300bn in NSE’s ten-month bear run
Investors lose Sh300bn in NSE’s ten-month bear run Investors in firms listed on the Nairobi Securities Exchange (NSE) have lost Sh300 billion since the beginning of the year following a slump that has seen the main index drop to a three-year low. The NSE 20 share…
KQ has drawn down half of its Sh20bn Afrexim bank loan
KQ has drawn down half of its Sh20bn Afrexim bank loan Loss-making Kenya Airways has drawn down half of a Sh20 billion ($200 million) bridging loan from Afrexim bank and expects the next tranche in two weeks, its chief executive said on Friday. Mbuvi Ngunze told…
Closing Bell: Express Kenya Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Express Kenya Limited Top Gainer as Liberty Kenya Holdings Limited Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 8.33% to close at KES 4.55 which was a KES 0.35 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser of the…
Weak shilling lifts central bank’s profit to Sh48bn
Weak shilling lifts central bank’s profit to Sh48bn CBK made a Sh7.3 billion profit from ordinary operations compared to the Sh751 million loss it reported last year. A weak shilling also boosted the CBK’s operating profits mainly arising from forex gains made from sale of dollars…
Closing Bell: Liberty Kenya Holdings Limited Top Gainer as Bamburi Cement Limited Declines
Liberty Kenya Holdings Limited Top Gainer as Bamburi Cement Limited Declines Liberty Kenya Holdings Limited (CFCI) was the top gainer of the day. It gained 10% to close at KES 22.00 which was a KES 2.00 gain in share price. Bamburi Cement Limited (BAMB) was the top loser of the…
KQ pilots lose bid to stop sale of planes
KQ pilots lose bid to stop sale of planes National carrier Kenya Airways (KQ) has won a court battle to sell part of its fleet despite protests from pilots who fear the disposal could render them jobless. High Court judge Monicah Mbaru has…
Closing Bell: Eveready East Africa Limited Top Gainer as Standard Group Limited Declines
Eveready East Africa Limited Top Gainer as Standard Group Limited Declines Eveready East Africa Limited (EVRD) was the top gainer of the day. It gained 10% to close at KES 3.30 which was a KES 0.30 gain in share price. Standard Group Limited (SGL) was the top loser of the…
Power blackout costs Nairobi bourse millions in stock trade
Power blackout costs Nairobi bourse millions in stock trade Trading at the Nairobi Securities Exchange (NSE) was halted Tuesday for more than three hours after a power outage, resulting in low trade volumes. The number of shares traded fell to 3,249,900 compared with 13,723,900 in the…
Closing Bell: Nairobi Securities Exchange Limited Top Gainer as Liberty Kenya Holdings Limited Declines
Nairobi Securities Exchange Limited Top Gainer as Liberty Kenya Holdings Limited Declines Nairobi Securities Exchange Limited (NSE) was the top gainer of the day. It gained 7.32% to close at KES 22.00 which was a KES 1.50 gain in share price. Liberty Kenya Holdings Limited (CFCI) was the top loser…
Diaspora remittances rise to Sh14bn in August on weak shilling
Diaspora remittances rise to Sh14bn in August on weak shilling Kenyans working in the diaspora sent home Sh14 billion in August as they sought to take advantage of the weak shilling. Diaspora remittances increased by 3.2 per cent to Sh14 billion compared to Sh12.9 billion sent…
Closing Bell: Express Kenya Limited Top Gainer as Sasini Ltd Declines
Express Kenya Limited Top Gainer as Sasini Ltd Declines Express Kenya Limited (XPRS) was the top gainer of the day. It gained 9.52% to close at KES 4.60 which was a KES 0.40 gain in share price. Sasini Ltd (SASN) was the top loser of the day. It had a…
Insurance sector sinks into losses in first half of year
Insurance sector sinks into losses in first half of year The insurance sector posted underwriting loss in general business in the six months to June following a spike in claims in the motor and medical classes. The insurance sector recorded a loss of Sh104 million in…
Airtel’s Sh2.1bn licence renewal fee splits CA board
Airtel’s Sh2.1bn licence renewal fee splits CA board Telecommunications firm Airtel’s quest to get its frequency licence renewed without paying the required Sh2.1 billion fee has split the Communication Authority Kenya (CA) board, adding a new dimension to the seven months battle to get Kenya’s second-largest operator…
Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Uchumi Supermarket Limited Declines
Olympia Capital Holdings Ltd Top Gainer as Uchumi Supermarket Limited Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 9.2% to close at KES 4.75 which was a KES 0.40 gain in share price. Uchumi Supermarket Limited (UCHM) was the top loser of the…
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