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 (AK
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.
Short Sale (or Short Position)
This is the sale of securities e.g. shares which one does not own, or has borrowed. Short sellers assume the risk that they will be able to buy back the shares at a later date and at a lower price, thereby making a profit.
Fiscal Year
A fiscal year is any 12 month period that a company uses for accounting purposes. It may or may not be the same as the calendar year or the government’s financial year.
Member
This is short for ‘member of the Nairobi Securities Exchange’ and refers to the stockbrokers holding membership at the exchange. Membership is mandatory in order to fill in trades for clients on the exchange. It is also referred to as owning a seat at the NSE.
Retained Earnings
These are earnings not paid out as dividends but instead are reinvested in the core business or used to pay off debt.
Investor Word
Limit Order
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.
Short Sale (or Short Position)
This is the sale of securities e.g. shares which one does not own, or has borrowed. Short sellers assume the risk that they will be able to buy back the shares at a later date and at a lower price, thereby making a profit.
Fiscal Year
A fiscal year is any 12 month period that a company uses for accounting purposes. It may or may not be the same as the calendar year or the government’s financial year.
Member
This is short for ‘member of the Nairobi Securities Exchange’ and refers to the stockbrokers holding membership at the exchange. Membership is mandatory in order to fill in trades for clients on the exchange. It is also referred to as owning a seat at the NSE.
Retained Earnings
These are earnings not paid out as dividends but instead are reinvested in the core business or used to pay off debt.