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 anything owned by a company that has a market value. This includes land, buildings, equipment, furniture, cash, bank deposits, manufactured goods ready to be sold, goodwill, trademarks etc.
This is the first sale of stock by a private company to the public. It is done via the stock exchange and is also referred to as going public, or flotation. An IPO allows the issuing company to tap a wide pool of investors to provide it with large volumes of capital for future growth.
A Stock Exchange is the physical location where the stock market in a country is traded or the electronic platform used to effect such trade. In Kenya, the Nairobi Securities Exchange is currently the only licensed exchange.
Refers to the sources from which long term capital is raised for the setting up of the sustained growth of companies. The stock exchange is a part of the capital market.
This is when a broker fails to meet his/her part of the contractual obligation to deliver all securities at an agreed upon date. Example; if the investor has placed an order of 1,000 shares, a delivery of 800 shares is a partial delivery.