Kenya Airways Shares Resume Trading After Near Five-Year Freeze
Kenya Airways planes parked at the parking bay at the Jomo Kenyatta international airport in Nairobi.
Photographer: Simon Maina/AFP/Getty Images
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Kenya Airways Plc shares resumed trading after almost a five-year suspension brought about by a prolonged restructuring process to revive the national carrier and plug a drain on state resources.
The stock jumped as much as 10% to a seven-year high after the markets regulator approved lifting of the trading freeze. The shares shed the gains to trade 9.9% lower at 3.45 shillings by 11:08 a.m. in the capital, Nairobi.