According to NSE Chief Executive Geoffrey Odundo, the decline in profit has been occasioned by a decline in equity market prices. Last year, a record 19 companies had issued profit warning before the close of December. For Kenya, where about 70 per cent of the activities on NSE are by foreign investors, the exposure to the global market shocks is also high. Banks stocks lost Sh47 billion in just one day as foreign investors retreated. He said that NSE will focus on ways of exciting local investors to participate more in trading to rebalance foreign investor dominance.

Source: Standard Digital November 23, 2016 18:57 UTC