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Saturday, January 25, 2020

Good profits will not necessarily inspire a buy on stocks

Banking counters are about to release their results led by Equity Bank which posted an 8 percent rise in net profits to September from Sh14.6 billion last year to sh15.8 billion. Read also: Andrew Kairu appointed...
NSE trading

Market report: NSE turnover soars to Sh1.1bilion boosted by BAT

EQUITIES Boosted by the sale of B.A.T shares, turnover soared to Kes.1.1Bn from the previous session’s Kes.215M, the number of shares traded stood at 13.7M against 7.5M posted yesterday. INDICES All NSE indices closed the day in...

Agha Khan fund nets over Sh200 million in Jubilee dividends

Jubilee Insurance top ten shareholders will carry home about Sh335 million in total dividends after the company posted a 15 percent rise in after-tax profits to Sh4.2 billion. Jubilee Holdings Board declared a final dividend...

Insurance companies given four years to adopt IFRS 9

Insurance companies have up to 2021 to adopt IFRS 9 after the market regulators met insurance players and auditors and agreed that they needed sufficient data to implement it. The Capital Markets Authority (CMA) in...

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