The Derivatives Market had 2 contracts valued at Kes 64,050 transacted in today’s trading session. This was against the 4 contracts valued at Kes 112,600 concluded in the previous session.

KDIC says the new limit will cover 99 per cent of depositors with funds in banks and deposit-taking microfinance institutions. 

Pfizer Inc’s shares rose more than 3% after the drug-maker said a COVID-19 vaccine being developed with German biotech firm BioNTech showed promise and was found to be well-tolerated in early-stage human trials.

Oil prices slipped in the morning of Asian trading hours on Thursday, with international benchmark Brent crude futures down 0.14% to $41.97 per barrel. U.S. crude futures also declined 0.23% to $39.73 per barrel.

The secondary bond market on the Nairobi Securities Exchange recorded a moderate decline in activity with bonds worth Kes 2.35 Billion achieved in 119 deals on the market as compared to the Kes 2.43 Billion achieved in 99...