NSE 25 drops 2.68% as Kenya advances first local ETF plans

The NSE 25 fell 2.68% to 4,084.44 on Aug. 12, even as Kenya’s ETF pipeline gathered pace. Kenya approved its first locally domiciled ETF for NSE listing, targeting banking stocks, according to The Eastleigh Voice, TechTrendsKE and TechCabal. Separately, the NSE wants to launch an AI-focused ETF in 2026 to give local investors access to global technology stocks, and also plans a launch before year-end, according to Business Today Kenya and TechTrendsKE. The headlines point to a broader push in listed products, although the benchmark still shed 112.36 points in the session.