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Firms burn their fingers as bourse investment drought bites

Traders check out the trading index during the Bell Ringing ceremony for KENGEN to trade at the NSE at the NSE's offices in Westlands,Nairobi. Photo/Elvis Ogina (Nairobi) July 6th,2016.

The investment drought at the Nairobi Securities Exchange (NSE) cost agents and stockbrokers millions of shillings last year.

Capital traders and subsidiaries of big banks reported losses due to stagnated market activity amid rising costs of operation.

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