www.rich.co.ke Register and its all Free.

If you are tracking the NSE Do it via RICHLIVE and use Mozilla Firefox
as your Browser.
0930-1500 KENYA TIME
Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.

The Latest Daily PodCast can be found here
http://www.rich.co.ke/rctools/richpod.php

I do thank Martin Odour-Otieno the Chief Executive of Kenya Commercial
Bank for the interview this early Morning. I will post it on the site
www.rich.co.ke as soon as it is edited and I hope KCB and KTN use the
content as well.I wont preempt it. Thank You, Martin.

A Previous Interview RICH TV Michael Joseph Safaricom
http://bit.ly/81lKEb

An Audio of the BBC World Service Interviews are here
http://www.rich.co.ke/rctools/richradio.php

Mondays Piece for The Star Reflections on Life, Treasury Bills and The
Referendum
http://bit.ly/a0FTVm

Missing from this Piece was the Downside Projection.

Previous Articles The Star 2010
http://bit.ly/9vrHxU

Is the World Cup Africa's Tipping Point?'
The Magic Tipping Point

Macro Thoughts

The Return of Risk Appetite.

Home Thoughts

The Older Girls have been tasked with reading To Kill a Mocking Bird
and Nishet has found out that the most optimal way of going about this
Exercise is to have them read it aloud.

I have rather enjoyed listening to that Tale of Atticus again.

The relationship between Tony Blair and Gordon Brown became so hostile
that Blair described his chancellor as "mad, bad, dangerous and beyond
redemption" and likened Brown's behaviour to that of a "mafioso" in
his dealings with him, Lord Mandelson has revealed.

The breakdown in the two men's relationship is detailed in the third
instalment of Mandelson's memoirs, The Third Man, in which he
describes how he and other No 10 aides drew up plans – codenamed
Operation Teddy Bear – to split the Treasury into two in an attempt to
weaken Brown's challenge to Blair after the prime minister agreed in
2003 not to fight the next general election, only to renege on his
promise.

But plans to remove Brown from the Treasury and put him in the Foreign
Office were twice considered and rejected by Blair because he feared
Brown would resign and become an even greater threat.

Conclusions

At the Helm for so long and such an Undertow of Bitterness.

Asian stocks rose to a three-week high, and emerging-market currencies
climbed after Intel Corp. reported record second-quarter sales and
Singapore raised its 2010 economic growth forecast.

Singapore said its economy will grow between 13 percent and 15 percent
this year, adding to optimism in the world’s recovery after Greece
sold bonds at a rate below what the country pays for European aid.
Intel, the world’s biggest chipmaker, said third-quarter sales will be
$11.6 billion, exceeding analyst estimates of $10.9 billion in a
Bloomberg survey.

“The positive outlook for earnings is easing investors’ perception of
risk,” said Tomomi Yamashita, a fund manager in Tokyo at Shinkin Asset
Management Co

Conclusions

You can see it in the Tape from the Dow to Crude through to the Currencies.

Euro 1.2701
Pound 1.5198
Dollar Index 83.64
Aussie 0.8825
Brazil Real 1.7530
South Korean Won 1202.05
Rand 7.5104

The dollar fell Tuesday as a strong start to the U.S. earnings season
and a smooth treasury-bill sale in Greece eased fears about economic
recovery and the euro zone's financial system. The euro reclaimed the
$1.27 level.

U.S. stocks jumped, closing higher for the sixth consecutive session.
Strong earnings reports from corporate bellwethers buoyed hopes that
the global business environment continues to strengthen.

Conclusions

Broad based Move deeper into Risk. My Model has this as a Sell Area
for the Euro. It also has a Sell on Euro Sterling.

Euro versus The Dollar INO 3 Month Chart
http://bit.ly/bxIoJI

Dow Industrials, up 146.75 points, or 1.44% to 10363.02 Up 6.98% the
last six days.
S&P 500, up 16.59 points, or 1.54% to 1095.34. Up 7.12% in six days

With artificial intelligence, programmers don't just set up computers
to make decisions in response to certain inputs. They attempt to
enable the systems to learn from decisions, and adapt. Most investors
trying the approach are using "machine learning," a branch of
artificial intelligence in which a computer program analyzes huge
chunks of data and makes predictions about the future. It is used by
tech companies such as Google Inc. to match Web searches with results
and NetFlix Inc. to predict which movies users are likely to rent.

BP shares have gained  27 percent since the start of July and rose for
a second day in London trading, gaining as much as 5.2 percent to
trade at 417.30 pence as of 1:44 p.m. local time. The stock is down 37
percent since the April 20 accident in the Gulf that killed 11 workers
and started the spill.

“We are still thinking about it,” Sheikh Mohammed bin Zayed Al Nahyan
said in an interview in Abu Dhabi today, when asked about potentially
buying a stake in the London-based oil producer. “We are looking
across the board. We have been partners with BP for years.”

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan said the
emirate is considering making an investment in BP Plc

Power lunching in Midtown Manhattan had always been a game of chicken
among restaurateurs demanding exorbitant sums of cash and the
expense-account elite confident or dumb enough to pay them.

Hence, the $21 tomato salad at Michael’s, the $56 veal chop at The
Four Seasons, and now the beef tasting menu at Ma Peche, which can,
after wine, tax and tip, easily cost $1,000 for six -- the minimum
number of patrons required to enjoy the feast at lunch or dinner.

First course: Seared Nebraskan Wagyu. Melts in the mouth like the
Japanese stuff. Second course: Beef tongue with basil. So tender and
salty it’s like eating the perfect roast beef sandwich (without any
bread). Course three: Aged rib eye. It was gently charred, fork tender
and intensely marbled with a restorative mineral tang. Course four:
Lemongrass and Thai basil sausage. Wrap it in lettuce and dip in fish
sauce.

Lunch at Ma Peche restaurant in New York. Ma Peche is located at 15
West 56th Street near Fifth Avenue. Photographer: Paul
Goguen/Bloomberg

A "Cotton Crown" cocktail at Ma Peche in New York. The drink is made
with Bols Genever, yellow Charteuse, Amaretto and lemon. Photographer:
Paul Goguen/Bloomberg

Crude-oil futures rallied nearly 3% Tuesday to close at their highest
level in two weeks, after financial results from Alcoa Inc. boosted
the stock market and the International Energy Agency projected a rise
in demand next year.

Crude for August delivery rallied $2.20, or 2.9%, to $77.15 a barrel
on the New York Mercantile Exchange.Oil last closed above $77 a barrel
on June 28. The contract hit an intraday high of $77.42 a barrel
earlier.

The most actively traded contract, for August delivery, settled up
$14.80, or 1.2%, at $1,213.50 a troy ounce on the Comex division of
the New York Mercantile Exchange

Conclusions

I remain Bullish and look for over $1400.00.

Cocoa +2.13%
Coffee +1.28%
Sugar +0.17%

Last Price    165.95
Contract High    192.1
Contract Low    123.95

Conclusions

I expect New Contract Highs.

“Sweet Earth,” Sternfeld explained, was the first of what he intends
as a four-book cycle, the subsequent installments being “When it
Changed,” “Oxbow Archive,” and his most recent book, “iDubai.” Utopic
and dystopic aspects of mankind have been dominant and consistent
themes throughout Sternfeld’s work, and in this cycle he draws a link
between social models and the environmental implications of our
actions.

Valet Parking, Kempinski Hotel, Mall of the Emirates” (2008-2009) From
“iDubai.” Courtesy Luhring Augustine, New York.

The value of mergers and acquisitions in sub-Saharan Africa doubled in
the first half of 2010 from last year, and investment banking fees
fell as competition for contracts intensified, according to Thomson
Reuters research.

Boosted by the $10.7 billion purchase by India's Bharti Airtel of
Kuwaiti mobile phone firm Zain's African assets, the overall value of
deals reached $25 billion, analysis from the global news and
information provider showed.However, over the same period investment
bankers made just $162 million, a 23 percent decline on the first six
months of 2009, reflecting an intensifying fight for business
squeezing fees in Africa's fast-growing frontier markets.

Conclusions

"This really shows how many banks are setting up operations in
sub-Saharan Africa and how stiff the competition is getting," said
Busisa Jiya, Thomson Reuters manager for Africa.

Value27,634.53    
Change138.590     
% Change0.504

Conclusions

27666 was the Starting Point for the Year and we are near enough back
at scratch.

Africa's biggest media group Naspers will buy more than a quarter of
one of Russia's top Internet firm Digital Sky Technologies (DST) in
cash and shares as it bulks up its fast-growing Internet unit.Naspers
said on Wednesday it will hand over its 39.3 percent stake in its
Russian unit Mail.ru, which it co-owned along with DST for the past
three years.Along with the shares, it will pay a further $388 million
for a 28.7 percent stake in DST, which runs instant messaging
platforms and social network sites in the east European country.

Unlike many of its global rivals, which have been battered by the drop
in traditional advertising revenue, Naspers has been helped by its 30
percent stake in Tencent Holdings, China's biggest Internet firm.

Naspers, which runs pay-TV channels across Africa and has stakes in
Internet firms in Asia and Europe, told Reuters last month it was
looking to acquire more e-commerce firms in emerging markets.

Russian DST will be the sole owner of Mail.ru following the transaction.

Conclusions

Naspers is in fact also buying into Facebook as DST is a Stakeholder.

Naspers share price data Bloomberg
http://bit.ly/aZbpfb

Price28,301.000    
Change651.000     
% Change2.354
52-Wk High (04/06/10)32,490.000    
52-Wk Low (07/29/09)22,256.000    
1-Yr Return24.117
Earnings8.730    
Price/Earnings32.127

Conclusions

A very interesting collection of New Economy Real Estate.

Tata Coffee Ltd., Asia’s largest publicly traded grower of the bean,
may invest 1.3 billion rupees ($27.7 million) in a factory to make
instant coffee in Africa to meet rising global demand.The company,
majority-owned by Tata Global Beverages Ltd., may build the plant in
Uganda, Africa’s biggest producer of the robusta variety, Kenya or
central Africa, Managing Director Hameed Huq said in an interview.
Tata Coffee may also consider acquiring a company in the continent, he
said. The company’s shares rose as much as 2.7 percent in Mumbai.

Bangalore-based Tata Coffee expects a global economic recovery to help
boost demand for instant coffee, a market valued at $19.6 billion,
according to researcher Euromonitor International. Starbucks Corp.,
the world’s largest coffee-shop operator, in April raised its annual
forecast after reporting second-quarter profit that beat analysts’
estimates, helped by sales of Via instant coffee.

“As Europe and other nations come out of recession we will be looking
to expand our instant coffee capacity,” Huq said in an interview
today. “The rate of development we are seeing in Asia or Africa, we
are not seeing in Europe.”

Robusta futures have gained 32 percent on London’s Liffe exchange on
reduced supplies from main producers and rising demand.
The prices of robusta at about $1,700 a metric ton is a “good price,”
Huq said. “I don’t see coffee prices coming down as global consumption
is going up by two percent and carry-forward stocks are not large. So
it is a fairly bullish market.”

Tata Coffee, which has more than doubled in the past year, gained 1.2
percent to 423.95 rupees in Mumbai at 9:52 a.m. after rising 2.7
percent. The company is 57 percent owned by Tata Global Beverages,
formerly known as Tata Tea Ltd., a unit of India’s second-biggest
industrial group.

Tata Coffee Limited share price data Bloomberg
http://bit.ly/b0raYC

Price424.000    
Change5.200     
% Change1.242
52-Wk High (06/29/10)474.800    
52-Wk Low (07/14/09)189.100    
1-Yr Return126.931
Earnings18.375    
Price/Earnings23.075

Conclusions

Look at that PE Ratio and then compare to Sasini Tea [5], Williamson
Tea[2.5], Kakuzi [4+].

Tata Global Beverages Ltd Bloomberg
http://bit.ly/bHTv59

Price118.650
52-Wk High (06/30/10)123.800    
52-Wk Low (07/14/09)72.230    
1-Yr Return65.959
Earnings6.311    
Price/Earnings18.801

Value24,774.52    
Change141.740     
% Change0.575

Conclusions

Points higher after bottoming out.

Tanzania's Precision Air plans to sell a third of its shares in an
initial public offering by the end of the year to fund expansion.
Partly owned by Kenya Airways with a 49 percent stake -- Precision is
the main carrier in Tanzania, operating ATR 72-500 and ATR 42 planes
and a Boeing 737 to 13 destinations in Kenya, Tanzania and Uganda.

Chairman Michael Shirima said on Tuesday the IPO would fund new
aircraft and more services in the regional economic blocs to which
Tanzania belonged such as the Southern African Development Community
and the East African Community (EAC).

He told Reuters it was not clear how much will be raised.

"International routes are a bit risky. We will focus on expansion of
regional routes to countries such as the DRC, Angola, South Africa,
Zambia, Malawi and EAC member states," Shirima said.

Precision has already sought regulatory approval for the sale of the
shares, which will result in Kenya Airways cutting its stake to 34
percent.

"We envisage achieving this goal by October, but have been delayed by
legal requirements. The target is to offer the IPO before year end,"
he said.

Value 75.50

New 2010 Closing High and levels that Match September 2008.

Kenya Commercial Bank (KCB) (KCB.NR: Quote) raised interest income and
fees to post a 16 percent jump in pretax profit for the first half and
expects the momentum to grow in the second half, it said on
Tuesday.Ranked the largest bank in the country by assets, KCB made a
gross profit of 4.2 billion shillings ($51 million), beating market
expectations of just above a 10 percent increase, on the back of a 24
percent growth in net interest income.

"We expect this momentum to reach its peak in the third quarter going
into the final three months of the year, leading to an impressive
end-year profitability position," the bank's chairman, Peter Muthoka,
told an investor briefing.

During the first half, KCB -- which is in the middle of a 15 billion
shillings cash call -- recorded a 16 percent jump in fees and
commissions, increased the loan book by a quarter while cutting bad
debts provision by nearly half.Deposits grew by half and assets by
just over a quarter.

"The second half is going to be driven by the strong balance sheet
that we have already built up. Those loans are long term loans, they
are going to carry on generating interest income," Martin
Oduor-Otieno, KCB chief executive said.

"Our customer base has surpassed one million and therefore that should
bring in additional income."

"The share price has become oversold and the price move was
pre-emptive. These results will begin to filter into the market and
provide a floor below the price," said Aly Satchu Khan, an independent
analyst.

Oduor-Otieno said he expects the rights issue to perform well, based
on feedback from stockbrokers. He added that all the group's
subsidiaries in the region were expected to break even in the next six
months, from a net loss of 100 million shillings in the first half.

"We expect that to be wiped out in the next six months because, on a
month to month basis, we are now seeing them break even," he said.

The bank's operations spans the east Africa region from Tanzania to
South Sudan. One analyst said that barring an escalation in the euro
Zone debt crisis or a drought at home, the bank was in for a better
second half.

Conclusions

The Interview from this Morning will be posted within 24 hours and
makes a compelling case.

The benchmark NSE 20-share index rose 25 per cent in the first quarter
of the year and seven per cent in the second quarter.
In the meantime, price leadership at the NSE has moved from
agriculture to finance stocks with some surprising six month price
gains made in the second quarter encounters.

The yield curve with the 91-day Treasury Bill paying out a paltry 1.8
per cent last week while the 6-month Treasury paid 2.5 per cent.With
inflation officially at 3.9 per cent in May there doesn’t seem to be
much attraction in these instruments because investors can only get a
real return of negative 2.1 per cent versus the 91-day Treasury Bill.

Conclusions

The T Bill Rates confirm the amount of Domestic Capital on the Sidelines.

US Ambassador Michael Ranneberger fought off claims by 'Red' team he
has taken sides in the raging referendum politics on a day he
curiously received defectors from 'No' team.

Accused by Higher Education Minister William Ruto, who is leading the
'Red' team, of crossing the red-line or no-go-zone for foreign
diplomats, Ranneberger argued he was operating within his diplomatic
orbit – more so because the US is a friend of Kenya and is pro-reform.

Conclusions

The US is clearly invested in the situation. The Counterweight to that
YES Investment is the Evangelical One, where the Kadhis Court Issue
has allowed the Church to leverage that.

Statement by the U.S. Embassy
July 12, 2010

As Kenya approaches the constitutional referendum on August 4,
Kenyans from all walks of life—civil society activists, politicians,
religious leaders, professionals, youth and wananchi—are carefully
studying the draft constitution and discussing its provisions.  There
is no more important process for achieving the reforms set out in the
National Accord than the constitutional review process.  Every Kenyan
has a responsibility to respect the views of fellow citizens, pursue
peaceful dialogue, and defend the truth in this crucial national
conversation.

Regrettably, some leaders have approached the constitutional
referendum through the lens of divisiveness and negative ethnicity
rather than a process that can unify and heal the nation.

Recently, those leaders have alleged that Ambassador Ranneberger and
the U.S. Embassy are providing funding to Members of Parliament to
support the “yes” campaign or are intimidating opponents to the
constitution.  These claims are categorically false, and those making
such allegations are lying.

The U.S. Government is supporting the constitutional review process as
the centerpiece of the broad reform agenda agreed to following the
post-election crisis.

U.S. views are clear.  President Obama stated: “…this is a singular
opportunity to put Kenyan governance on a more solid footing that can
move beyond ethnic violence, can move beyond corruption, can move the
country towards a path of economic prosperity.  And so I hope that
everybody participates, everybody takes advantage of this moment, and
those who would try to undermine this process I think are making a big
mistake.”

During his recent visit Vice President Biden stated:  “Putting in
place a new constitution…will…unleash the energy of the youth, deepen
the roots of your democracy, and ultimately guarantee your security.”
“You have before you,” The Vice President stated a “singular
opportunity to strengthen Kenya’s democratic institutions, none like
since the evening at midnight that the flag was unfurled, an
opportunity to…help Kenya realize its immense potential.”  The Vice
President urged Kenyans “to resist those who try to divide you based
on ethnicity or religion or region” and said “above all, fear is a
tool as old as mankind…Now Kenyans must make a deliberate and
difficult choice – to reject the divisive politics, to reconcile their
communities.” “Fundamental change,” he stated “is within your reach.”

The referendum is in the hands of Kenyans.  They will be alone in the
voting booth, voting their conscience.  The U.S. Government stands
with the people of Kenya.  We encourage the Kenyan people to vote in a
free and fair referendum, towards a peaceful and prosperous future.

An international team of scientists has begun exploring one of the
most isolated patches of tropical mountain forest in East Africa.
As well as finding more than 100 new plant species, and animals like
rats, bats and tiny frogs, the researchers also recorded 125 butterfly
species.But the forest is also threatened by growing numbers of local
herders, looking for new places to graze their cattle.
The BBC's Peter Greste joined the expedition and ventured into the
forest with entomologist Dino Martins, to discover some unusual
butterfly behaviour and meet a "vegetable dinosaur".

The scientists found bats, tiny rats and frogs in the Matthews
RangeThe Matthews Range of mountains rises from the arid brown plains
of northern Kenya like a green tropical island; its peaks looming
above the dusty haze blanketing the otherwise featureless
landscape.The flat lands that surround it stretch for almost 100km in
any direction, leaving the Matthews blissfully isolated.

It has been this way for at least 10 millennia, the dry sea lapping
against its shores - sometimes rising, sometimes falling in a tide
driven by periods of global warming and cooling that has always kept
it cut off from the rest of East Africa's forests.

Singapore’s growth accelerated to a record 18.1 percent pace in the
first half of 2010, spurring the currency and putting the island on
course to overtake China as Asia’s fastest-growing economy this
year.Gross domestic product expanded at a 26 percent annualized pace
in the second quarter from the previous three months, after a revised
45.9 percent gain in January to March, the trade ministry said today.
Growth in the first half was the fastest since records began in 1975,
prompting the government to predict GDP will rise 13 percent to 15
percent in 2010.

A year after Singapore exited its worst recession since independence
in 1965, tourists are arriving in record numbers and companies
including Standard Chartered Plc are boosting hiring. The expansion is
part of a rebound across Asia that has prompted South Korea, Malaysia,
Taiwan and India to raise interest rates in recent weeks, even amid
concern Europe’s debt crisis may impair global growth.

“Singapore will be among the fastest-growing countries not just in
Asia, but the world, this year,” said Song Seng-Wun.

Conclusions

Blow Out Numbers.

Premium wines have been recovering from a slump that started in the
fourth quarter of 2008, when the banking crisis cut investors’ wealth
and reduced demand. The Liv-ex 100 Fine Wine Index rose 2.8 percent in
June, boosting the London market benchmark 27 percent since the start
of this year and taking it to a record high.

“Demand from Asia has continued unabated,” said Miles Davis, partner
at Wine Asset Managers LLP in London, which has $25 million under
management. “That’s leading to sharper price rises than expected.”

The most expensive of the Latour lots in the London sale comprises
four magnums of the 1961 vintage, estimated to sell for as much as
18,000 pounds ($27,300). A case of 12 bottles may fetch 11,000 pounds
and three half-cases 6,000 pounds each.

Robert Parker, who publishes the Monkton, Maryland-based Wine
Advocate, gives the Latour 1961 his maximum 100 points, placing it
among the chateau’s top four vintages of the past 50 years. The critic
describes it on his website as “unquestionably one of the Bordeaux
legends of the century,” which should drink well for another 15 years.

A Broad Based Move Higher today with noteworthy and plain muscular
Demand for the Big Caps [EABL, Safaricom, Barclays Bank, Standard
Chartered]

The NSE20 rallied 19.14 points to close at 4329.95.
The NASI rallied 0.80 points to close at 96.18 which is a new 2010 Closing High.
Market Cap was 1.120455 Trillion versus 1.112957 Trillion last time.
Equity Turnover was 376.092m versus 223.761m last time.

Sasini Tea traded 100,500 shares and closed at 14.05.
Rea Vipingo traded 2,100 shares better at 17.65.

SAFARICOM

shares volume     14.918m
total turnover      88.246m
avg price     5.92 Closing Price 5.90 +1.7094%
high price     5.9
low price     5.85
last price     5.95

Conclusions

Safaricom was the most active Counter at the Bourse and closed out the
Session Trading 5.95 +2.59% session Highs. Set to test 6.10 12 month
Highs. The Response Post what were stellar Results, some time in
coming but Its coming now. Key Resistance is at 6.10 and I expect a
Test of that and then a move towards 6.40.

Safaricom share price data from www.rich.co.ke
http://bit.ly/4cdZRM

Kenya Airways rallied 2.319% to close at 47.75 and traded a
46.75-50.00 range and 486,200 shares worth 23.265m. Buyers are pushing
back after a 20% Post Results Correction lower.

ScanGroup bounced 1.29% to close at 39.25 and traded 27,500 shares.
The Price is set to cross 40.00 into new all time Closing Highs. The
Ogilvy Transaction is transformative with respect to SSA for the Group
and the bagging of the Bharti Account was quick confirmation of that
very point.

TPS Serena traded 14,000 shares and firmed 50 cents to close at 57.00.

Nation traded 14,400 shares and closed a shilling easier at 141.00.
Standard traded 500 shares and closed at 39.50.

Access Kenya traded 71,500 shares and closed unchanged at 20.75.

CMC Holdings shaved off 5 cents to close at 12.60 and traded 42,900 shares.
CarGen did not trade.

Barclays Bank traded 4th at the Bourse. Barclays Bank firmed 0.766% to
close at 65.00 and traded a 64.00-67.00 range. Barclays Bank traded
387,600 shares worth 25.23m and todays closing Price is a 23 month
Closing High. Kestrel has been talking up the chance of a Special
Dividend.

Barclays Bank share price data from www.rich.co.ke
http://bit.ly/3FrB3X

KCB rallied 1.4044% to close at 18.05. KCB traded a 17.80-18.20 range
and 877,900 shares worth 15.85m. I happen to believe KCB might well
have bottomed out. KCB trades on a Diluted PE of 12.10 which becomes
an Implied Forward of about 10 after factoring in the 1st Half. It
looks cheap.

KCB share price data from www.rich.co.ke
http://bit.ly/bshUrU

Standard Chartered Bank rallied 1.304% to close at 233.00 [a 3 Year
High Closing high]. Stanchart traded 77,900 shares.
Equity Bank was unchanged at 22.75 and traded 390,000 shares.
COOP Bank shaved off 10 cents to close at 14.35 and traded 789,700 shares.

CFC StanBic rallied 2.424% to close at 84.50 and traded 23,800 shares.
DTB shaved off 50 cents to close at 89.00 and traded 23,400 shares.
HFCK traded 66,600 shares and was unchanged at 21.00.
NBK closed 50 cents lower at 38.75 and traded 13,000 shares.
NIC traded 25,800 shares and closed at 39.25.

Centum traded 270,000 shares and closed unchanged at 22.50.

Kenya Re dipped 1.739% to close at 11.30 and traded 141,700 shares.
Jubilee rallied 1.85% to close at 165.00 on 800 shares.
PanAfric closed at 69.00 and traded 800 shares.

Olympia Capital traded 69,300 shares and closed at 7.50.

EABL was the 2nd most active Counter at the Bourse. EABL closed 0.56%
firmer at 181.00. EABL traded a 181.00-182.00 range and 380,400 shares
worth 69.083m. This is a 22 month Closing high.

EABL share price data from www.rich.co.ke
http://bit.ly/57wrgL

Athi River Mining rose 1.3926% to close at a new all Time Closing High
of 144.00. ARM traded a 142.00-145.00 range and 109,200 shares worth
15.819m.

ARM share price data from www.rich.co.ke All Time Closing High at 144.00 today.
http://bit.ly/4slEGv

Bamburi Cement was the 3rd most actively traded Counter. Bamburi
Cement traded 130,200 shares worth 26.040m all at 200.00 and
unchanged.
Portland traded 600 shares at 116.00 +0.87%.

KenGen rose 0.29% to close at 17.25 and traded a 17.85 session high
and 578,100 shares.
KPLC traded 71,800 shares and closed unchanged at 199.00.
Cables was unchanged at 20.25.

Mumias Sugar slipped 5 cents to close at 12.50 and traded 1.138m shares.

KenolKobil eased 5 cents to close at 10.90 and traded 653,400 shares.
Total traded 7,300 shares and closed unchanged at 29.25.

BAT traded a 1,000 shares a shilling firmer at 228.00.

BOC Kenya bounced 7.03% to close at 137.00 on 1,000 shares.
Carbacid retreated 4% to close at 152.00 and traded 4,000 shares.
Crown Berger traded 3,900 shares lower at 32.50.
Eveready traded unchanged at 4.00.
Sameer rose 2.33% to close at 8.75.
Unga closed at 12.00.