
KPC debuts at Ksh9.30 (+3.3%) following IPO launch
Kenya Pipeline Company shares debuted at Ksh9.30 on the Nairobi Securities Exchange, up 3.3% from its IPO price of Ksh9.00, according to Financial Fortune Media. The listing makes KPC the sixth largest company on the NSE, as reported by Business Daily. President Ruto presided over the trading launch, according to the-star.co.ke. Meanwhile, the NASI index declined marginally by 0.25% to 211.11 points.
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NSE 20 jumps 4.17% as Family Bank targets June 23 listing
The NSE 20 rose 4.17% to 1,080.87 on June 17, marking the session's standout move. Family Bank secured regulatory approval to list on June 23 after a 5-year wait, according to The Kenyan Wallstreet, Business Daily and Bizna Kenya. BAT Kenya announced a record final dividend of KSh 60 per share, its highest ever payout, according to Business Today Kenya and streamlinefeed.co.ke. Market flow was also supported by the NSE's launch of a banking sector index and by the upcoming listing of the Satrix MSCI World Feeder ETF, according to June 17 exchange statements.
Press Release - Nairobi Securities Exchange Plc Appoints Sterling Capital Limited as a market maker in the NEXT Derivatives Market
Investors on Kenyan securities exchange will soon get access to trade global markets as Satrix lists MSCI World Feeder ETF on the NSE