Kenyan bank shares fell sharply at the start of trade on Thursday after the country's president signed a law capping commercial banks' interest rates.

     

    Shares in KCB Group, which operates Kenya's biggest bank by assets, fell 9.9 percent to trade at 29.50 shillings ($0.2912) per share. Shares in Co-op Bank of Kenya and Equity Bank were down by a similar margin.

     

    Traders said there were millions of shares on offer without matching bids.

     

    MARKET STATUS: OPEN

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    Gainers
    Decliners
    Volume
    TRANS-CENTURY0.44+10.00%02/07
    SAMEER AFRICA2.13+9.79%02/07
    EA PORTLAND CEMENT4.91+7.91%02/07
    EAST AFRICAN CABLES0.96+6.67%02/07
    HOME AFRIKA0.33+6.45%02/07
    ILAM FAHARI I-REIT5.68-5.65%09/02
    BK GROUP34.00-4.23%02/07
    CIC INSURANCE GROUP2.20-2.22%02/07
    BRITAM HOLDINGS5.62-1.75%02/07
    UMEME15.05-1.63%02/07
    SAFARICOM17.405,078,00002/07
    KCB GROUP31.501,323,60002/07
    KENYA RE1.391,274,30002/07
    CO-OPERATIVE BANK OF KENYA12.801,105,10002/07
    TOTALENERGIES MARKETING KENYA19.65717,70002/07

    🇰🇪 Kenyan Shilling



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