NSE adds Sh160 billion on US-Iran ceasefire deal

Screen showing market trends at Nairobi Securities Exchange. 

Photo credit: File | Nation Media Group

Investors on the Nairobi Securities Exchange (NSE) gained Sh168.8 billion in the last one week, pushing the value of listed shares to an all-time high, on the back of positive progress in peace talks between Iran and the United States.

Market capitalisation - the measure of investor wealth - rose by 4.8 percent to a new all-time high of Sh3.63 trillion, largely driven by the return of foreign investors who had previously exited the Nairobi bourse as fears of a prolonged Iran war fanned inflation concerns.

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