Foreign investors pump Sh1bn into top NSE company shares

Nairobi Securities Exchange staff (left) serves a customer. PHOTO | FILE

Foreign investors have pumped a net of Sh1.2 billion into Equity Bank and Safaricom shares in July as they took advantage of falling share prices to increase their holdings in local firms.

Market data compiled by Nairobi-based brokerage house Standard Investment Bank (SIB) shows Equity Bank led the market in net foreign inflows at Sh630.8 million, followed by Safaricom at Sh552.8 million.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.