Closing Bell: Olympia Capital Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Olympia Capital Holdings Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Olympia Capital Holdings Ltd (OCH) was the top gainer of the day. It gained 8.89% to close at KES 4.90 which was a KES 0.40 gain in share price. Atlas Development and Support Services Ltd (ADSS)…
Closing Bell: Car & General (Kenya) Ltd Top Gainer as Atlas Development and Support Services Ltd Declines
Car & General (Kenya) Ltd Top Gainer as Atlas Development and Support Services Ltd Declines Car & General (Kenya) Ltd (C&G) was the top gainer of the day. It gained 9.38% to close at KES 43.75 which was a KES 3.75 gain in share price. Atlas Development and Support Services…
Uchumi reveals Sh2.4bn drain by closed outlets
Uchumi reveals Sh2.4bn drain by closed outlets Uchumi Supermarkets’ regional subsidiaries cost the retailer Sh2.4 billion in cash injection every year but returned losses for the past five years leading to their closure this week. Uchumi says it has consistently pumped Sh200 million a month into…
Seven bank stocks touch one-year low at NSE trading
Seven bank stocks touch one-year low at NSE trading Seven banking counters at the Nairobi Securities Exchange (NSE) on Wednesday touched a one-year low as the market responded to the sudden closure of Imperial Bank leading to the indicative NSE 20 share index dropping to levels…
KRA sues Airtel for Sh531 million fifteen-year claim
KRA sues Airtel for Sh531 million fifteen-year claim The Kenya Revenue Authority (KRA) is pursuing Airtel Kenya for Sh531 million taxes it claims the telco owes from its first two years of operation in Kenya. KRA says the amount arose from Airtel’s $55 million (Sh5.6 billion)…
KenGen ups dividend payout as profit jumps threefold to Sh11.5bn
KenGen ups dividend payout as profit jumps threefold to Sh11.5bn Kenya Electricity Generating Company (KenGen) has raised its dividend payout by 62.5 per cent after recording a threefold jump in net profit in the year ended June, powered by increased sales and a tax credit. KenGen’s…
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: 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…
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…
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