NSE steadies after rout from Israel-Iran conflict

Screen showing market trends at Nairobi Securities Exchange. 

Photo credit: File | Nation Media Group

The Nairobi Securities Exchange (NSE) gained Sh19.88 billion on Wednesday, breaking a three-day losing streak that started last Friday when Israel attacked nuclear and military sites in Iran, sparking deadly exchanges.

Safaricom, the most valuable stock on the NSE, gained Sh0.50 or an equivalent of Sh20.03 billion to halt a three-day losing streak that had seen investors at the Nairobi bourse shed Sh71.83 billion in the three days amid anxiety over the Middle East war.

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