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 situation in which buy orders for a particular stock greatly outnumber the sell orders or vice versa, making it impossible to match the orders. It is also referred to as an imbalance of orders..
A publication issued by a company to its shareholders at the company’s fiscal year-end. The document typically includes financial statements, reports on operations, the auditor’s report and other relevant information on the company. It is mandatory for all public companies..
This is the portion of the listed company’s profits that is paid directly to shareholders. The dividend is usually quoted in shillings per share and is declared and approved at the annual general meeting of the company. The board of directors decides the dividend to be paid out. A listed company is under no legal obligation to pay dividends. It is also referred to as Dividend per Share, DPS..
The highest price a buyer is willing to pay for a stock. It stipulates both the price and the quantity that the buyer requires to purchase..
An issuer of shares establishes a record date by which the shareholders must officially own shares so as to qualify for dividend distribution or entitlements to bonus or rights issues..