Market capitalisation at the Nairobi Securities Exchange has grown by Sh197 billion in the past four weeks, beefed up by gains by Safaricom stock that has in the past week touched an all-time trading high of Sh24.

National Bank of Kenya’s share has risen to a one-year high of Sh9.85 after it received a capital boost from the National Social Security Fund (NSSF) and reports of a planned acquisition by Kenya Commercial Bank (KCB)

Kenya’s largest lender by assets, KCB Group (KCB) has submitted a proposal to the National Treasury and National Social Security Fund (NSSF), that will see it acquire atleast 70 percent stake in National Bank of Kenya (NBK), writes Daily Nation’s Jaindi Kisero.

Equity turnover at the Nairobi Securities Exchange (NSE) rose 188 percent Friday, boosted by robust trading of Safaricom.