“The price cuts are permanent, effective from January 1, 2021 and will enable more than 26.8 million customers to continue enjoying lower costs whenever they send money.” Ndegwa noted

The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and seven new lows.

The Derivatives Market had 5 contracts worth Kes.185,000 transacted in today’s trading session. Five KCB contracts worth Kes.185,000 expiring in 18th March 2021.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.224 after seeing an earlier low of 90.09.

The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and 17 new lows.