Nairobi bourse indicative index drifts to 3,000 points mark

Nairobi Securities Exchange (NSE) added 19 points Thursday to stand at 2,971.50 points as it gravitated towards the psychological 3,000 points mark.

Thursday rise was attributable to the rise in price of 11 large stocks that make up the index, including Kenya Airways, Barclays Bank and Cooperative Bank.

Athi River Mining was the day's biggest mover after trading some 10 million shares at 0.19 U.S. dollars, a rise of 1 percent.

Safaricom, Kenya's biggest telecom operator, was the second best traded stock moving 4.7 million shares at a declined price of 0.17 dollars. Wednesday, the telecom traded 45 million shares at 0.18 dollars.

Equity Bank came in third with 3.7 million shares at unchanged price of 0.26 dollars while CFC Bank was the fourth with a million shares, going down 3 percent at 0.66 dollars. Closing the list of the best traded stocks was Kengen with 719,900 shares.

During the session in which foreign investors cut both sales and buys, turnover declined to 5.6 million dollars on a volume of 23 million shares from 63 million worth 11 million.

The bond market registered a marginal rise with securities worth 7.3 million dollars transacted from 6.9 million dollars. Endit