• Breaking News

    Tuesday, November 03, 2015

    Kenyan shilling stable, supported by high debt yields





    Kenya's shilling was minimal changed on Monday with remote financial specialist inflows, driven by high government obligation yields, supporting the nearby coin.



    Stocks were down. By the 1330 GMT authority close, business banks cited the shilling at 102.00/10 to the dollar, contrasted and Friday's end of 101.90/102.10.



    The shilling has picked up as of late as seaward financial specialists send in dollars to purchase government obligation.



    Yields on the benchmark 91-day paper slipped finally week's closeout to 19.471 percent however stay far above ordinary levels. Yields on the 182 and 364-day Treasury bills were above 21 percent finally week's sale.



    "We are stuck in a reach," said one Nairobi-based merchant.



    "It's just the national bank that will give us bearing. Are they willing to let the shilling steadily debilitate?" In the value advertise, the benchmark NSE 20 list fell 12.08 focuses to close at 3856.75, just about coming to its most minimal level since August 2012.



    In the obligation business sector, bonds worth 377 million shillings ($3.70 million) were exchanged, contrasted and the past session's 472.6 million shillings.






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