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Banks get boost as KQ gains Sh52.3bn in a day

From left, NSE vice chair Bob Karina, Kenya Airways CEO Sebastian Mikoz and NSE chief executive Geoffrey Odundo during KQ's relisting at the bourse on November 29, 2017. PHOTO | SALATON NJAU | NMG

By  Victor Juma

Business Editor

Nation Media Group

Ten Kenyan banks that bailed out Kenya Airways (KQ) #ticker:KQ by converting their loans into shares Wednesday got an early boost after the national carrier’s capitalisation surged by Sh52.3 billion in the day’s trading on the stock market.

The national carrier’s shares resumed trading on the Nairobi Securities Exchange (NSE) yesterday after two weeks’ suspension during which the total issued stock was increased by 4.3 billion shares.

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