Trading on the secondary bond market of the NSE posted an increase in activity, compared to Tuesday's trading, with bonds valued at Kes 3.48 billion transacted in 98 deals.

A total of 11,591,200 shares in 1,103 deals, corresponding to a market value of KES 413,050,977.00, were traded in today's session on the NSE.

Oil prices hit seven-year highs last week on worries that supplies could tighten due to Ukraine-Russia tensions and worries about the conflict in Yemen.

Kenya will spend Kes. 1.36 trillion equivalent to 63% of projected revenue in the current fiscal year to service the current public debt which stands at Kes. 8 trillion.

Spot gold was little changed at $1,840.24 per ounce by 0323 GMT. U.S. gold futures were also steady at $1,840.70.