Severe Crash Halts Trading In Securities After Supreme Court Ruling

Trading was slightly cut short at the Nairobi securities Exchange as there was a severe crash in most counters following the supreme court ruling. More than 50 billion shillings is said to have been lost in less than ten minutes.

The ruling signaled a period of political uncertainty therefore the Nairobi security exchange reacted with a plunge of close to 9.71%.

The Securities had remained stable after the August 8th polls but  according Exotix Capital who is the biggest broker the market is set to weaken due to political tension in the next two months.

Read:NASA Enjoined In IEBC Court Of Appeal Case

The supreme court of Kenya is the first court in Africa to nullify a presidential election and the third in the world.

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Written by Merxcine Cush

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