Barclays Kenya Jumps to Seven-Week High on Rates: Nairobi Mover
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Barclays Bank Kenya Ltd., the country’s second-biggest lender by market value, climbed to a seven-week high on speculation lower lending rates will boost demand for loans.
The stock rose 1.1 percent to 13.65 shillings by the 3 p.m. close in Nairobi, the strongest level since May 18, according to data compiled by Bloomberg.