The Capital Markets Authority had suspended the trading of the Kenya Airways Shares at the Nairobi Stock Exchange for the past few months as per the reports that we have with us this morning.
Picture courtesy. Trading at the Nairobi Securities Exchange in a file photo.
The giant airlines has been making major losses for the past few years and this has sent worrying feelings in the investors across the country and beyond.
The airlines losses have greatly affected the prices of their shares as per the reports that we have with us this morning.
President William Ruto, during his recent trip to the United States of America, had said that he was looking for a buyer for the airlines who would help bring it back to life.
This morning, according to the available reliable reports that we have with us from the Nairobi Securities Exchange, the suspension of the trading of the shares continues to be in place.
Picture courtesy. Kenya Airways plane ready to be boarded at the Jomo Kenyatta International Airport in a past photo.
The communication from the Nairobi Securities Exchange is that the suspension will remain in force for the foreseeable future as per the reports that we have.
The new suspension will take effect fron the 5th of January 2023 for a further twelve months as per the communication from the Nairobi Securities Exchange this morning.
It's not yet clear what has precipitated the extension of the suspension of the airlines from trading at the Nairobi Securities Exchange this morning.
Let us know your thoughts and opinions on this latest development in the comments section below this article.
Picture courtesy. The memo from Nairobi Securities Exchange.
Content created and supplied by: KimaniOsoro21 (via Opera News )
COMMENTS