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)
This is when government-owned shareholding in companies is sold off to the private sector. This can be done either through a public offering, or a tender or a private contract. Private ownership of companies tends to increase overall efficiency and this leads to a substantial increase in profits.
Back Office
Refers to that segment of a stockbroker’s office that has little or no direct relationship with the public but which is generally responsible for nearly all processes involved in effecting a transaction.
Mutual Fund
A mutual fund is an investment vehicle built with funds collected from many small investors that invests in stocks, bonds and other securities. An open-ended mutual fund is one which keeps accepting new investors and redeems the funds of those who wish to opt out, while a close-ended mutual fund has a fixed number of investors.
Story Stock
This is a stock whose price is a reflection of some important company news rather than its assets or earnings. Example; the price of shares in an agricultural company may increase after press coverage of an expected bumper harvest.
Target Price
When an investor has bought a share, usually he has a higher price in mind which he expects the share to reach in order to sell. This is the target price.
Investor Word
Privatization
This is when government-owned shareholding in companies is sold off to the private sector. This can be done either through a public offering, or a tender or a private contract. Private ownership of companies tends to increase overall efficiency and this leads to a substantial increase in profits.
Back Office
Refers to that segment of a stockbroker’s office that has little or no direct relationship with the public but which is generally responsible for nearly all processes involved in effecting a transaction.
Mutual Fund
A mutual fund is an investment vehicle built with funds collected from many small investors that invests in stocks, bonds and other securities. An open-ended mutual fund is one which keeps accepting new investors and redeems the funds of those who wish to opt out, while a close-ended mutual fund has a fixed number of investors.
Story Stock
This is a stock whose price is a reflection of some important company news rather than its assets or earnings. Example; the price of shares in an agricultural company may increase after press coverage of an expected bumper harvest.
Target Price
When an investor has bought a share, usually he has a higher price in mind which he expects the share to reach in order to sell. This is the target price.