Top NSE companies’ dollar returns lag Africa peers on Iran conflict

The 18 NSE firms included in the MSCI indices saw a dollar return of 0.9% in the first quarter, significantly trailing countries like Nigeria and South Africa, which reported returns between 9.6% and 44%. In shilling terms, the overall NSE return reached 9.7%, boosted by the listing of Kenya Pipeline Company. However, excluding this listing, the market valuation would have only increased by 4.1%.