Kenyan shares drop after Raila pulls out of election

Investment brokers on the trading floor of the Nairobi Securities Exchange. PHOTO | FILE

Kenya’s all share index slipped 1.24 per cent on Wednesday while the blue chip index fell 1.14 per cent after opposition leader Raila Odinga pulled out of a repeat presidential election set for October 26, traders said.

Odinga, who successfully challenged the August 8 re-election of President Uhuru Kenyatta last month, said the repeat poll should be cancelled and a fresh election started after the election board has carried out reforms.

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