Foreign outflows surge to Sh12bn in stocks rout

Nairobi Securities Exchange (NSE) logo on the trading floor. 

Photo credit: File photo | Nation Media Group

Foreign investor outflows at the Nairobi Securities Exchange (NSE) surged more than four times to Sh12.6 billion in the half-year to June, underlining the impact of their exit in exacerbating the bear market.

The foreigners had pulled out Sh2.9 billion worth of equity investments a year earlier.

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