Diamond Trust of Kenya Rises to Highest Level in 3 Months

Diamond Trust of Kenya Ltd., a Kenyan bank that is also publicly traded in Uganda and Tanzania, rose to the highest level in almost three months.

The stock climbed 2.8 percent to 91 shillings at the close in Nairobi, the capital, the highest since Nov. 21.

Diamond Trust was rated new “hold” this week with a 12- month price estimate of 99.30 shillings a share by George Bodo, an equity analyst at ApexAfrica Investment Bank Ltd. in Nairobi.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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