Global Equities Rout Hits Kenya’s Benchmark Harder Than Most
- Nation’s stocks are worst performers globally after Sri Lanka
- Election, economic growth, inflation concerns weigh on shares
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There’s no place to hide for Kenya’s battered stock market amid the turmoil that’s weighed on equities globally this year.
The benchmark index of East Africa’s largest economy is down 29% this year, with only crisis-hit Sri Lanka posting a deeper decline among 92 primary gauges tracked by Bloomberg.