Investors. Just an fyi.

Imho,any share that attracts foreigner investors will generally replicate the trends in the world markets.In this case,KQ,Safcom & EABL will always rise if global risk apetite is rising,these shares tend to rise and vice versa kama kuna uoga.

The announcements by the Dubai guys that they don't play by the conventional rules of banking has scared investors and therefore may see a fall in shares for a few days until there is clarity as to whether UAE will come to the rescue of its city.

I therefore expect Safcom,KQ to head to levels they were at last week...





www.mjengakenya.blogspot.com

Maybe... but we (Kenya) will not be affected as much by the happenings in Dubai... unless Kenyan banks have been lending those sides!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

agree with gordon

we are tied with the rest of the world...our financial markets are xtremly liquid and are a favorite of foreign investors..the dubai issue has already reard its ugly head on the kes and i predict nse will follow

@kizee - Kenya's stockmarket is extremely illiquid for most stocks. There are a few exceptions e.g. Safaricom

Look at the HUGE spreads that are often apparent. Even Zimbabwe seems more liquid than NSE.

Unless we have Dubai investors in Kenya who want/need cash, we should be OK.

Yes, there may be a slight effect/pullback but not as dire as KQ going back to 24/- or Safaricom to 4/-...

@mwanahisa - As expected the UAE Central Bank has come in to support the local banks. I am sure the Sheik of Dubai is negotiating some sort of support package from Abu Dhabi ($700bn in Reserves/Investments).

Don't forget that Abu Dhabi covets Emirates. It would not surprise me if Abu Dhabi's Etihad 'buys' a stake in (profitable) Emirates.