The Standard Group Plc is a multi-media organization with investments in media
platforms spanning newspaper print operations, television, radio broadcasting,
digital and online services. The Standard Group is recognized as a leading
multi-media house in Kenya with a key influence in matters of national and
international interest.
The Kenyan shilling picked traction to gain strength against the dollar in the wake of the Supreme Court ruling upholding President Uhuru Kenyatta’s re-election.
At the close of trading hours, the shilling was unanimously trading at 103.60/80 per dollar against 103.80/90 recorded earlier.
This is unlike the August 8 supreme court ruling that triggered a circuit breaker at the Nairobi Securities Exchange (NSE) causing a 30 minute shut down between 12.30pm and 1pm.
On the fateful day, the market lost over Sh50 billion in under 10 minutes as market capitalization declined.
Trading rules at NSE dictate that bourse shuts down the floor if an index dips by more than 5 per cent drastically.