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Daily Market Commentary – 11/03/2019


Faida Research - March 11, 2019 - 0 comments

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Market turnover had a -73% drop to close the day at 118Mn from Friday’s 663Mn. Safaricom had the highest activity followed by Kenya Commercial Bank with 2.1Mn and 0?8Mn shares exchanging hands respectively by the close of trading.

The All share index and the NSE20 share index were down 0.79 points and 22.36 to close at 155.32 and 2893.18 points respectively.

The Shilling remained relatively stable against the dollar today to close today at 99.65.

Barclays Bank released their results this morning before market opened. Key highlights of the results includes a 7% PAT. Detailed report on the same will be released by our research team.

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