KQ on 14-month high at NSE as Michael Joseph takes charge

Kenya Airways (KQ) stock closed at the highest level since August last year in Wednesday’s trading at the Nairobi Securities Exchange, as the airline announced it had appointed a new chairman ahead of Thursday’s half-year results announcement.

The troubled carrier closed the day at an improved price of Sh6.75 a share — having opened the day at Sh6.60 — with local retail investors continuing to buy into the stock, lately basking on positive corporate notices.