BlackRock Says World-Beating Kenyan Stocks Still Offer Value
- Economic policy is providing foundation for stock rally
- All-share index has rallied 48% in dollar terms this year
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BlackRock Inc., the world’s biggest asset manager, sees an opportunity to invest in Kenyan stocks, which have gone from the world’s worst performers in 2023 to the best this year.
The All-share stock index in Nairobi has surged 49%, when measured in dollars, rebounding from a 43% plunge in 2023, when the index was trading at levels last seen in 2011.