Foreigners reap big at NSE as dollar returns hit 30pc

An investor at the NSE. FILE PHOTO | SALATON NJAU | NMG

Foreign investors have continued reaping good returns at the Nairobi Securities Exchange (NSE) in the last quarter of the year as dollar-adjusted returns rose to 30 per cent at end of November.

Market data compiled by African Alliance shows that the 11-month returns outperformed peer bourses of Nigeria (24 per cent), Morocco (16 per cent), Egypt (22 per cent) and Tunisia (4.6 per cent).

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