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 interest rate on a fixed income security e.g. bond, determined upon the issuance of the bond. Coupon also refers to the actual interest payment of the bond to the holder which is normally twice a year for government bonds..
This is a short-term reversal of the prevailing trend in the price movement of a share. Thus when in a falling market, the share registers a short term increment in price and in a rising market, the share registers a short term decline in price..
An acquisition is when one company makes a bid to acquire control of another (called the target). It can either be hostile or friendly..
This is a form of bankruptcy where an independent party, the receiver-manager is appointed to run the company to recoup as much of the unpaid loans as possible. A receiver must try to save the firm and if unable to do so it is sold or liquidated..
The buyer of a cum-rights share is entitled to subscribe to the forthcoming rights issue announced by the company..