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)
A proxy is an agent legally authorized to act on behalf of a shareholder during meetings of the company and to vote on his behalf.
This is when a company raises capital via a private rather than public placement. It therefore sells shareholding to a selected few investors, mostly institutional investors.
This is when the stock market does not have a clear trend, with about the same number of advancing and declining stocks.
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.
This is the online trading system software used at the Nairobi Securities Exchange to effect all trading transactions. It can be accessed through the NSE trading floor (through the Local Area Network) or from the stockbrokers’ offices (through the Wide Area Network). It is completely controlled and managed by the NSE.