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)
This is when government-owned shareholding in companies is sold off to the private sector. This can be done either through a public offering, or a tender or a private contract. Private ownership of companies tends to increase overall efficiency and this leads to a substantial increase in profits.
This is the date on which a declared share dividend is made or scheduled to be made. It is only payable to those shareholders who bought the shares before the ex-dividend date.
The difference between the bid and offer prices of a share. The spread is generally determined by the demand and supply of the share. Example; if a share is bid at KES 10 and offered at KES 12, the spread is KES 2.
This is term is generally used to refer to the Nairobi Securities Exchange.
A derivative is a financial instrument which derives its value from an underlying asset such as stocks, bonds, commodities or currencies.