In the past week that ended on 17 January, the Kenyan shilling remained stable against international currencies such as the US dollar, Sterling pound, and the Euro. The value of the shilling improved marginally against the US dollar from 101.8 on 10 January to 101.7 on 17 January.
Kenya’s foreign reserves stood at US$8,047 million (equivalent to 5.3 months of import cover) on 17 January up from US$7,983 million (equivalent to 5.2 months of import cover) on 10 January.
The interbank rate fell from 3.74 per cent the previous week to 2.36 per cent in the week that ended on 17 January indicating an improvement in the shilling’s liquidity.
The three major indices at the Nairobi Securities Exchange improved indicating an improvement in the stock market performance. The NSE 20 share index gained 2.7 per cent to close at 2849.81 on 17 January from the previous week’s close of 2774.83 points.
Similarly, the all share index (NASI) gained 2.55 per cent to close at 145.01 points on 11 January up from 141.41 points in the previous week’s close.
In the week that ended 17 January, 109.79 million shares were traded at the NSE; up from 92.32 million shares traded in the previous week.
