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 a price that is neither rising nor declining. If the shares of a company have been trading at KES 12.00 over the last one month, they can be referred to as flat..
These are shares that are trading below their true value. There are many reasons for this; the industry could be out of favour, or the company is not well known, or it has not yet caught the fancy of investors..
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..
A limit order is one placed by an investor with a stockbroker to buy a specified number of shares at or below a specified price or to sell a specified number of shares at or above a specified price. A limit order ensures that an investor will not pay more for the shares than the price they have set as the limit and neither will an investor receive less than they are willing to accept. It is a very common type of order..
Sometimes the shares of some blue chip companies act as a pivot on which the market is balanced; if the turn bearish, the market follows and if they turn bullish the market looks up. These are called pivotal shares..