NSE sheds Sh132bn in wake of Israel-Iran war
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Mar 05, 2026
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Business Daily
Business Daily
Globally, markets have been sent into turmoil by the escalation of the conflict in the Middle East from Saturday, which threatens oil supplies and risks triggering higher inflation.
Key Takeaways
- The Nairobi Securities Exchange (NSE) lost Sh132.74 billion in valuation over four days due to selling by local institutional investors.
- This sell-off is driven by increased investor preference for cash and cash equivalents amid rising global risks from the Israel-Iran war.
- The NSE is on track for its biggest weekly market capitalization loss this year, reversing prior year-to-date gains.
- The conflict in the Middle East has created global market turmoil, prompting investors to favor dollars and leading to outflows from global equity funds.
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