Nairobi — The Nairobi Securities Exchange (NSE) has amended its trading rules to allow for block trades as it seeks to drive more liquidity in the market.
A block trade is a large, privately negotiated securities transaction. Normally, block trades are arranged away from public markets to lessen the effect on the security’s price.
At the NSE, block trades shall constitute the sale of shares whose value exceeds Sh3 billion in value and constitute 5 per cent or more of an Issuer’s total issued…
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