Factors To Consider Before Buying Skechers Shoes

rose for the second straight session,lifted by reviving investor confidence in frontier markets.
At the 1300 GMT close of trade, commercial banks posted theshilling at 83.90/84.00, up from Thursday's close of 84.10/20.
"Shilling borrowing rates are inching up so it is expensiveto fund short shilling positions," said Chris Muiga leopard print platform pumps , seniortrader at Kenya Commercial Bank.
On Thursday, the weighted average overnight rate jumped to3.27 percent from 2.74 percent previously, touching a one and ahalf year high, traders said. CBK02
"The market is not too keen on taking long dollar positionsin these circumstances," said another trader at another bank.
The squeeze on shilling liquidity could make the currencyfirm towards 83.50 against the dollar, despite a higher price ofcrude in global markets that could push up the nation's importbill and demand for dollars, Muiga added.
In the stock marketlouboutin bianca pump black on sale 108 1, the benchmark NSE-20 index edged up 0.6 percent to close at 4,022.16 points, while theall-share index added 0.73 percent to close at 94.37 points.
Traders attributed the gains to foreign funds getting moreconfident about frontier markets' prospects after unrest inNorth Africa and Middle East dampened the mood.
The Kenyan market also experienced a sell-off in the firstquarter due to political challenges at home leopard print platform pumps , including a bitterrow in government over the appointment of a new chief justiceand other public officials.
"The initial fears and uncertainty are disappearing leopard print platform pumps ," said atrader with Faida Investment Bank.
Foreign investors were the most active buyers during thesession, snapping up blue chip shares like telecoms operatorSafaricom (SCOM.NR: Quote) leopard print platform pumps , Equity Bank (EQTY.NR: Quote) and Kenya CommercialBank (KCB.NR: Quote).
"The direction of the market depends on how bullish theseguys (foreign funds) are," said the trader.

KES= KES1=....................Shilling spot rates KESF= <0#KESF=>..............Shilling forward rates EURKES= KESX= KESX1=................Cross rates KES=KE...........................Local contributors CBKINDEX........... ...Central Bank of Kenya Ind