Nairobi Securities Exchange (NSE) is a stock exchange based in Nairobi, Kenya. The acronym or abbreviation for this market is NSE. This page contains information on the trading hours, market holidays, contact information and more.
Nairobi Securities Exchange is located in the country of Kenya.
Stock exchanges near Nairobi Securities Exchange include the following markets: Jamaica Stock Exchange, Johannesburg Stock Exchange, Saudi Stock Exchange, Amman Stock Exchange & Tel Aviv Stock Exchange.
The main currency of Nairobi Securities Exchange is KES. It's symbol is KSh.
Nairobi Securities Exchange, or NSE, is the oldest and largest securities exchange in East Africa. It is located in Nairobi, the capital city of Kenya, and hosts a vibrant market for the buying and selling of stocks, bonds, and other securities.
History of Nairobi Securities Exchange
The NSE was established in 1954 as a limited company. Initially, it traded only bonds and government securities but has since expanded to include equities and other securities. The exchange has grown tremendously over the years, seeing a lot of changes reflecting the economic and political developments in Kenya. In 1988, the NSE was granted self-regulatory status, enabling it to regulate its operations.
In 1996, the NSE introduced the automated trading system providing the best and most efficient trading platform in the region. Under the trading system, orders are electronically transmitted and matched, increasing transparency and reducing transaction costs.
Nairobi Securities Exchange Today
Today, the NSE is the most advanced securities exchange in the East Africa region, with 66 listed companies trading on the platform. Some of the listed companies include Safaricom, Equity Bank, Co-op Bank, KCB Bank, and East African Breweries Limited.
The market capitalization of the NSE as of 2021 is about Ksh 2.8 trillion (about $25 billion), with daily turnover averaging Ksh600 million ($5.5 million). In 2020, the NSE launched new products such as the derivatives market, Exchange Traded Funds and REITs, marking a new chapter in the development of the securities market in Kenya.
The Nairobi Securities Exchange has been instrumental in the development of the Kenyan economy, by enabling businesses to access affordable capital for growth and development.
In summary, the Nairobi Securities Exchange is a major market for the buying and selling of securities. It has had a significant impact on the Kenyan economy by enabling businesses to access affordable capital for growth and development. Its history has seen a lot of changes reflecting the economic and political developments in Kenya, and it continues to grow and expand, providing excellent trading opportunities for investors in the East Africa region.
OpenMarket is a comprehensive online platform that aims to provide investors with accurate information regarding the opening hours of stock markets across the globe. Our goal is to help investors make informed decisions about their investments by providing them with up-to-date information about when markets are open and closed.