Telecoms operator Safaricom’s share #ticker:SCOM rallied 4.7 per cent during yesterday’s trading to close at a new record high of Sh28 as foreign funds rushed back to the Nairobi Securities Exchange (NSE) with the easing of political tension following Monday’s Supreme Court decision that confirmed Uhuru Kenyatta as the winner of the October 26 presidential poll.
The share price appreciation pushed Safaricom’s valuation to a record Sh1.12 trillion and helped lift the market’s capitalisation by Sh57 billion to Sh2.52 trillion.
