NAIROBI, Oct 31 (Reuters) - Kenyan bank shares rose in early trading on Thursday, Refinitiv data showed, extending their gains for a second day after news that parliament has inched closer to lifting a cap on commercial interest rates.
Barclays Kenya jumped 7% to trade at 12.60 shillings ($0.1223) per share while Equity was up 6.6% at 43.15 shillings per share, the data showed. Other banking stocks were also up.
Parliament’s finance committee said in a report on Tuesday that lawmakers should lift the cap, after President Uhuru Kenyatta refused to sign the government’s budget for this fiscal year until the house removes the cap.
$1 = 103.0600 Kenyan shillings Reporting by Duncan Miriri Editing by Omar Mohammed