Kenya Pipeline Company shares jumped 42.2 per cent in the week ended October 30, 2026 after news that Nigerian billionaire Aliko Dangote acquired an approximately 25 per cent stake, taking the price to KSh15.00.

The rally placed KPC as the second-best performer, behind Olympia Capital Holdings which rose 175.6 per cent to KSh19.35.

KPC’s market capitalisation is around USD2.1 billion and its weekly turnover reached USD1.78 million, contributing to a mixed trading session on the Nairobi Securities Exchange.

The Nairobi All Share Index gained 1.4 per cent week-on-week to 238.16 points, while the NSE 10 Index fell 1.2 per cent to 2,553.37 points, the NSE 20 Index dropped 1.9 per cent to 4,098.26 points and the NSE 25 Index slipped 1.2 per cent to 6,556.73 points.

Total market turnover fell to USD27.2 million, a 92.2 per cent decline from the prior week; Standard Investment Bank said the drop was largely due to the absence of the previous week’s KSh42 billion block trade in Kenya Pipeline.

The NSE accounted for 27 per cent of weekly turnover and its own share price rose 2.9 per cent to KSh32.40, with the exchange’s year-to-date gain at 60 per cent.

Other notable gainers were Eveready East Africa, up 11.4 per cent to KSh0.98, TPS East Africa, up 10.3 per cent to KSh18.20, and Standard Group, up 6.5 per cent to KSh6.20.

The week’s biggest laggards included Shri Krishana Overseas, down 12.6 per cent to KSh13.85, Africa Mega Agricorp, down 9.6 per cent to KSh298.25, and Uchumi Supermarket, down 8.6 per cent to KSh1.28.

Foreign investors made up 49 per cent of activity but were net sellers, recording outflows of USD6.8 million; Equity Group saw net outflows of about USD3.01 million, KCB Group USD1.96 million and Safaricom USD1.78 million.

The NSE itself logged net outflows of USD141,400 and Co-operative Bank USD33,000, while Kenya Power attracted the largest foreign inflow of USD201,200, followed by Standard Chartered Bank, I&M Holdings, Car & General and East African Breweries.

Safaricom rose 0.9 per cent to KSh33.60, KCB Group also rose 0.9 per cent to KSh86.00, and Equity Group fell 2.6 per cent to KSh95.00.

Car & General remained the top year-to-date performer with a 382.8 per cent gain despite a 7.7 per cent weekly decline to KSh246.25; Africa Mega Agricorp posted a 323 per cent year-to-date rise but slipped 9.6 per cent during the week.

Olympia Capital Holdings recorded a 135.4 per cent year-to-date increase, Britam Holdings 98.4 per cent and I&M Holdings 91.4 per cent, while Eveready East Africa was the biggest year-to-date loser at 28.5 per cent down despite a weekly gain.

In banking, Equity Group fell 2.6 per cent to KSh95.00, KCB Group rose 0.9 per cent to KSh86.00, Co-operative Bank dropped 3.5 per cent to KSh35.50 and I&M Holdings was flat at KSh81.25; Diamond Trust Bank posted a 56.6 per cent year-to-date gain and Co-operative Bank a 48.2 per cent gain.

Safaricom’s half-year results for the 2026/27 financial year are due on November 5, 2026; the telecom’s market capitalisation is about USD10.37 billion, making it the largest listed company on the NSE.