NSE hits 19-year low as US rates batter stocks

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

Photo credit: File photo | Nation Media Group

The Nairobi Securities Exchange (NSE) has fallen to lows last seen at peak of the Covid-19 pandemic in 2020, wiping out Sh627.5 billion of investor wealth since the beginning of this year.

The market capitalisation dropped below the Sh2 trillion mark for the first time since August 2020, when Kenya was battling Covid-19 restrictions like daily nationwide curfew, which delivered layoffs, job cuts and business closures.

PAYE Tax Calculator

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