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Kenya's key stock index rises above 3,500 points

Xinhua, August 18, 2016 Adjust font size:

The Nairobi Securities Exchange (NSE) 20 Share Index rose above 3,500 points Wednesday, buoyed by increase in prices of top stocks.

The NSE 20 Share Index went up 23.15 points to close the day at 3,508.51. Similarly, the All Share Index edged 0.70 points higher to stand at 147.50 while the NSE 25 Share Index was up 9.01 points to settle at 3,979.47.

Kenya's leading telecom Safaricom, Kenya Commercial Bank (KCB) and KenolKobil were some of the stocks in the 20 Share Index whose prices edged up.

Safaricom, in the telecommunication category, touched a new high for the second consecutive time nearing 0.22 U.S. dollars, before easing back to close the day at 0.21 dollars on a volume of 8.6 million shares.

The banking sector cumulatively moved 22.6 million shares to account for 66 percent of the day's traded volume.

Barclays Bank was the overall day's biggest mover, trading 9.7 million at unchanged price of 0.10 dollars.

KCB went up some cents to trade at 0.32 dollars and move 8.7 million shares while Equity Bank was unchanged at 0.38 dollars and had 3.9 million shares traded.

In total, some 34 million shares valued at 8.4 million dollars were traded at the bourse Wednesday, up from 24 million shares worth 5.9 million dollars posted Tuesday.

At the bonds market, securities worth 15 million dollars were transacted, up from 11 million dollars in the previous session. Endit