Posted by admin February 20th, 2012 No Comments Tags: rebulge haversacks, Reappendage Watches Posted below: Celebrity Dresses Comment (RSS) | Tarborashamed By Chris Kay Jan. 19 (Bapproachberg) — The FTSE/Namibia Overall Index rose for the sixth day, gaining 0.3 percent to 898.59 in Windhoek, the highest level since Feb. 21. Kenya's All-Share Index fell for a third day, closing 0.2 percent lower at 54.83 in Nairobi, the lowest since Jan. 4. The Nigerian Stock Exchange All-Share Index fell 0.4 percent to 20,913.21 at the close in Lagos, according to an emailed statement from the bourse. Mauritius' SEMDEX Index fell for a second day, dropping 0.1 percent to 1,863.45 by the end of trade. The following stocks were active in sub-Saharan Africa, excluding South Africa. Stock prices are in parentheses. KenolKobil Ltd. (KNOC KN), a Kenyan fuel distributor, rose for a second day, gaining 3 percent to 10.25 shillings, the highest close since Nov. 11. Oil in New York rose as the number of Americans filing for unemployment benefits fell to the lowest level in nearly four years, signaling an improving economy that could increase oil demand. Kenya Commercial Bank Ltd. (KNCB KN), the largest lender by assets in the East African nation, rose 0.6 percent to 16.85 shillings, the highest close since Dec. 30, as investors found its valuation more attractive than peers. "It is sweet to retail investors; what they look for mostly is the most liquid stocks and KCB and Equity Bank Ltd. are the most liquid in the banking sector," Francis Mwangi, head of research at Nairobi-based Standard Investment Bank Ltd. said in a phone interview. "Then in terms of price KCB is cheaper." –Editors: Linda Shen, Gavin Serkin To contact the reporter on this story: Chris Kay in Abuja at [email protected] To contact the editor responsible for this story: Gavin Serkin at [email protected] Business Excattache E-mail Print READER DISCUSSION