Safaricom rally lifts NSE to Sh2.83trn all-time high

Investment brokers at the NSE. FILE PHOTO | NMG

Safaricom’s #ticker:SCOM rally to an all-time high of Sh31.75 has rewarded its shareholders with a capital gain of Sh90 billion in the past week, and boosted the NSE’s market capitalisation to a new all-time high of Sh2.83 trillion.

The telco opened trading at Sh29.50 last Monday, and by last Friday had gained 7.6 per cent or Sh2.25 after sustained demand from investors hoping for good results for the full year to March 2018.

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