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Nairobi Bourse Key Index Closes Week on New High
 

Kenya's Nairobi Securities Exchange (NSE) benchmark index rose to hit the 3,800-mark as large share prices surged to end the week on a high amid low turnover.

The NSE 20 Share Index was up 23.60 points to close at 3,800.43 points, a new high following a decline due to political uncertainty. The key index gained 152.12 points or 4.2 percent in total during the week.

Similarly, the NSE All Share Index (NASI) was up by 1.02 points to close at 164.50 points while the NSE 25 Share Index settled at 4,302.61.

Safaricom, Equity, KenyaRe, Kenya Commercial Bank (KCB) and Nation Media Group accounted for 81 percent of the day's total turnover.

KCB Bank recorded the highest net foreign outflows, as it went up 1.2 percent to close at 0.41 U.S. dollars while KenyaRe was among the top decliners, going down 3.5 percent to end at 0.20 dollars.

Market turnover declined by 63 percent to 3.5 million dollars on a volume of 18 million shares from 9 million dollars from 37 million shares.

Foreign participation stood at 64 percent compared to Thursday's 57 percent as the foreigners accounted for 66 percent of total buying and 61 percent of total selling.

At the bond market, turned improved to 14 million dollars from 4 million dollars, with total bonds traded during the week standing at 53 million dollars.


(www.chinaview.cn 2017-11-06)
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