NAIROBI, Aug. 13 (Xinhua) -- The Kenyan stock market's benchmark index has dropped to a ten-year low battered by foreign investors exiting the bourse amid jitters in global markets.
The Nairobi Securities Exchange (NSE) 20 Share Index, which captures the performance of 20 top stocks, stood at 2,543.11 points on Tuesday, a level it closed on March 9, 2009.
Tuesday's level was 0.48 points lower from last Friday's position, with the index that once stood at 5,400 points, registering a free-fall during the last weeks.
According to the Capital Markets Authority (CMA), trading at the Kenya bourse has slowed down due to exit by foreign investors following global jitters occasioned by U.S.-China trade frictions.
CMA data showed that during the second quarter, foreigners sold shares worth 38 billion Kenyan shillings (374 million U.S. dollars) as compared to 343 million dollars purchases, with their participation declining to 69 percent from 76 percent in the first three months.