The Kenya Association of Stockbrokers and Investment Banks is an association that represents the interests of Kenyan stockbrokerage and investment banking companies. It was initially founded as the Association of Kenya Stockbrokers (AKS) but later changed its name to KASIB in order to accommodate the interests and aspirations of investment banks that also operate as stockbrokers.
The eighteen members all have seats at the NSE and are holders of their respective licenses as stockbrokers or investment banks.
How we play our role
KASIB engages with domestic, regional and international exchanges, depositories, custodians, government, the public and other specific stakeholders from time to time in developing our Capital Market. We make policy recommendation and give input on draft. Our aim is to facilitate enabling laws, regulations, rules and guidelines and continuously enhance the operations and development of the KASIB Council Members including our own corporate documentation. We further promote Capital Markets awareness training and investors education.
Code of Ethics
This is the right of an ordinary shareholder to vote either in person or by proxy for the members of the board of directors and on other matters of corporate policy. The number of shares an individual owns corresponds to the number of votes he has. So an investor with 1,000 shares has 1,000 votes while an investor with 10 shares only has 10 votes..
A capital gain is an increase in the value of a capital asset. Stocks and other investments such as property are classified as capital assets. The gain is only realized after the asset is sold..
This is when the value of an asset e.g. shares is less than the loan that was taken to invest in the asset. Negative equity normally results from a decline in the value of an asset after it is purchased..
A person or organization employed by an individual, institution or mutual fund to provide investment advice or manage assets..
This is the process of ascertaining the creditworthiness of a company or financial institution. Credit rating is not a recommendation to buy or sell but is an objective and independent assessment of the company so as to create risk awareness among investors..