I&M share price up 66pc after half year profit jump  

I&M Bank

I&M Bank Limited Kenyatta Avenue branch in this picture taken on Wednesday, March 29, 2023.

Photo credit: Photo| Dennis Onsongo

I&M Group share rallied 66.3 percent on the Nairobi bourse on Wednesday, coinciding with the day the lender announced that its six-month net profit for the period ended June 2024 grew.

Nairobi Securities Exchange (NSE) data showed the banking group’s share price rallied to Sh34.25 on Wednesday from Tuesday’s Sh20.60, closing the day as the top gainer on the bourse. It even touched a high of Sh35 during the day’s trading session.

PAYE Tax Calculator

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