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Rise in stock prices pushes up Kenya's bourse key indices

Xinhua, April 19, 2017 Adjust font size:

All the key indices of the Nairobi Securities Exchange (NSE) rose Wednesday, pushed up by increase in prices of at least 17 stocks.

The NSE 20 Share Index added 27.89 points to stand at a new high of 3,129.78, while the All Share Index (NASI) was up 0.31 points to stand at 133.81. On the other hand, the NSE 25 Share Index rose 13.01 points to stand at 3,533.00.

Barclays Bank, Safaricom, Diamond Trust Bank and Kenya Commercial Bank are some of the stocks whose prices went up by between 0.1 and 8.3 percent.

Safaricom, Kenya's leading telecom was the most traded stock after moving 12.7 million shares at 0.19 dollars, a 0.3 percent increase. The share attracted the most foreign buys and sales, with the investors' participation standing at 58 percent.

KenolKobil came in second with 5.2 million shares at unchanged price of 0.12 dollars while CFC Insurance was the third best traded stock with 3 million shares at 0.58 dollars.

Barclays Bank and Equity Bank closed the list of the best traded stocks after moving 1.1 million and 645,100 shares respectively.

Some 25 million shares valued at 7.2 million U.S. dollars were traded at the market, down from 28 million worth 8.5 million dollars posted in the previous session. Endit