A bull run at the NSE, which started in 2024, prompted increased sales and purchases of shares that offered brokers higher commissions.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Stockbrokers and investment banks nearly tripled their revenue in the first half of this year, lifted by Faida Investment Bank’s transaction fees from the Kenya Pipeline Company’s initial public offering (IPO) and Standard Investment Bank’s Mansa X Fund fees.
The NSE has been on a bullish run since 2024 after snapping a prolonged bear run that had drained investor confidence in the…
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Top gainers in percentage terms include Car & General at 325 percent to Sh217 per share, Britam at 94 percent to Sh17.65 and…
The billionaire investors include bank executives James Mwangi and Gideon Muriuki, the Kenyatta and Ndegwa families.
