23rd November, 2016
The Nairobi securities exchange has warned that its profit for 2016, will be 25% lower than in 2015, on the back of a steady decline in equity prices ahead of the ellection year and due to an uneven economic footing. In a cautionary statement published in the dailies the NSE notes and i quote, “ based on projections for the remainder of the year, the company is expected to record a decline of more than 25% in net profit attributable to shareholders of the company for the finacial year ended december 2016, as compared to that in 2015.’ end quote. Trading revenues account for over half of all revenues at the stock exchange.