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Markets gain Sh42bn after court upholds William Ruto's victory

Supreme Courts judges at the Court premises in Nairobi on Monday, September 5, 2022, when giving verdict on the Presidential election Petition. PHOTO | DENNIS ONSONGO | NMG

By  Sam Kiplagat  &  OTIATO GUGUYU

Investors gained Sh42.1 billion in paper wealth in the highest daily gain at the Nairobi Securities Exchange (NSE) in three weeks as markets welcomed the Supreme Court ruling upholding the win by Deputy President William Ruto as the fifth president of the Republic of Kenya.

Market capitalisation jumped to Sh2.192 trillion from Friday’s close of Sh2.15 trillion while Kenya’s Eurobond yields trended lower from 15.1 per cent on Friday to 13.84 per cent on the 10-year 2024 bond.

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