NSE halts slide as shilling gains

The Nairobi Securities Exchange. FILE PHOTO | NMG

The Nairobi Securities Exchange (NSE) gained Sh12.1 billion in investor wealth Thursday while the shilling strengthened to the dollar, halting the coronavirus-led slide of the past one week a day after the state announced a stimulus package for the economy.

The gains, mostly from a select blue chips, lifted market capitalisation to Sh1.91 trillion on the day the demand for shares also rose. This is Sh49 billion up from Sh1.959 on Monday when the NSE 20 index touched 17-year low.

PAYE Tax Calculator

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