Kenya Airways Drops Most in 6 Weeks After Loss: Nairobi Mover
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Kenya Airways Ltd., sub-Saharan Africa’s third-largest airline, dropped the most in more than six weeks after reporting a first-half loss and saying full-year earnings would be reduced by at least 25 percent.
The stock fell 3.6 percent to 12 shillings by the close in Nairobi, the biggest decline since Sept. 21. About 437,000 shares, 107 percent of the three-month daily average, were traded.