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) but later changed its name to KASIB in order to accommodate the interests and aspirations of investment banks that also operate as stockbrokers.
The eighteen members all have seats at the NSE and are holders of their respective licenses as stockbrokers or investment banks.
How we play our role
KASIB engages with domestic, regional and international exchanges, depositories, custodians, government, the public and other specific stakeholders from time to time in developing our Capital Market. We make policy recommendation and give input on draft. Our aim is to facilitate enabling laws, regulations, rules and guidelines and continuously enhance the operations and development of the KASIB Council Members including our own corporate documentation. We further promote Capital Markets awareness training and investors education.
Code of Ethics
This is the lowest historical price level reached by a security e.g. shares, or index during trading. The record low is recorded regardless of whether it is the closing price..
It is also known as paper trade. It is an imaginary portfolio of shares, constructed and monitored regularly by an investor over a period of time without actually buying the shares. The investor acquires experience on the ups and downs of the stock market at no financial cost or risk. With time, the investor garners enough confidence to actually invest in the stock market..
This is an offer to purchase shares in a company from the current shareholders at a price greater than the market price so as to induce them to sell. The additional amount is the premium and normally the objective is to take control of the company..
This is a long term debt instrument issued by companies for a fixed rate of interest over a stipulated period. They can be secured against assets held by the company or can be unsecured, backed only by the integrity of the borrowing company. Interest is paid at specified dates regardless of whether the company registered profits or not. Convertible debentures can be either fully or partly converted to ordinary shares after a stated period of time..
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..