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Share prices fall pulling down Nairobi bourse trading

Xinhua, November 22, 2016 Adjust font size:

Turnover at the Nairobi Securities Exchange (NSE) on Monday stood at 2.9 million U.S. dollars on a volume of 16 million shares from 12 million shares worth a similar amount last Friday.

During the session, foreign investors dominated trading at 81 percent, with most of them being net sellers. Most of the stocks Monday declined, led by Equity Bank, Safaricom, Kengen, Kenya Airways and Kenya Commercial Bank (KCB).

Save for Safaricom, Kenya's leading telecom, which traded 10.3 million shares at a declined price of 0.19 dollars, none of the stocks among the top 20 moved more than a million shares.

Electricity generator KenGen was the second top mover, trading 907,000 shares at a declined price of 0.06 dollars, with the share mainly traded by local investors.

KCB was the third top mover with 878,800 shares at 0.30 dollars, a drop of 0.5 percent.

The NSE 20 Share Index retreated to 3,283.94 points, a drop of 7 points from last Friday's level while Nairobi All Share Index (NASI) ended the day at 138.20, a decline of 0.4 percent. Endit