The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AKS)
A sector is a group of securities e.g. shares, traded within the stock market that share similar characteristics. Example; Kenya Airways and Uchumi Supermarket are both in the Commercial and Services Sector while Athi River Mining and Bamburi Cement are both in the Construction and Allied Sector.
This is a company that holds enough voting shares (not necessarily 51%) in another company to control management and operations by influencing or electing its board of directors. It is also referred to as the parent company.
A nominee is a person, bank or stockbroker in whose name securities are transferred in order to facilitate transactions.
This is offering shares to the investing public. This is done through an initial public offering and any other subsequent offerings. It is different from a rights offering to existing shareholders or a private placement.
Capital Reserves comprise of a company’s profits that are not normally distributed as cash dividends to shareholders. They can however be distributed as permanent share capital by way of bonus issues.