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Kenyan bourse rebounds as large stocks rally
Last Updated: 2018-08-09 01:15 | Xinhua
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All the key indices of the Nairobi Securities Exchange (NSE) registered positive gains as the market recorded a rebound.

The NSE 20 Share Index was up 31.02 points to stand at 3,321.06 boosted by Safaricom, Kenya Power, KenGen and Barclays Bank, which rose by between 1 percent and 9 percent. At least 14 stocks rose.

The All Share Index (NASI) gained 2.58 points to stand at 173.58 while the NSE 25 Share Index was up 43.15 points to close at 4,512.16.

Turnover rose 4.7 million U.S. dollars from 18 million shares, up from the previous session's 15 million shares worth 3.9 million dollars.

Safaricom was the day's biggest mover with 6.5 million shares that represented 40 percent of the day's traded value.

The banking sector, however, transacted most of the shares which accounted for 44 percent of the day's traded value. Kenya Commercial Bank actively moved 3.5 million shares.

The bond market registered improved activity with securities worth 23 million dollars transacted compared to 14 million dollars posted the previous session. Enditem

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