NSE stock gains 5.33 percent as FY26 revenue falls

Published on 09/22/2026 at 06:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NSE stock gained 5.33 percent to KES 27.65 on September 21, 2026. FY26 operating revenue fell 3 percent to KES 16,601.31 crore as options remained central.

NSE, KE4000001216, Illustration mit AI erstellt.

NSE (ISIN KE4000001216) closed at KES 27.65 on the Nairobi Securities Exchange on September 21, 2026, up 5.33 percent from the prior close, with 144,995 shares traded. The move came as the exchange's latest full-year figures showed lower revenue but continued dependence on options activity.

FY26 revenue fell 3 percent

According to TradeBrains on September 21, 2026, NSE generated KES 16,601.31 crore in revenue from operations in fiscal year 2026, down from KES 17,140.70 crore in fiscal year 2025. That is a decline of KES 539.39 crore, or about 3 percent, despite a recovery in activity during the final quarter.

The comparison matters because transaction charges remained the main earnings engine. In fiscal year 2026, they contributed KES 13,057 crore, while options accounted for KES 9,996 crore of that amount, according to TradeBrains.

Options remain the key variable

Options represented about 77 percent of NSE's transaction-charge income and about 60 percent of revenue from operations in fiscal year 2026. The concentration gives trading activity a direct influence on revenue, while stronger competition in options can pressure the exchange even when overall market participation remains high.

The same report said revenue from operations rose 28 percent quarter on quarter on a standalone basis in the fourth quarter of fiscal year 2026, as equity cash, futures and options activity increased. This creates a clear contrast: the latest annual comparison was negative, but the sequential final-quarter trend was positive.

Stock closes at KES 27.65

NSE shares closed at KES 27.65 on September 21, 2026, on the Nairobi Securities Exchange, compared with the prior close implied by the reported 5.33 percent gain. The dated market move and the FY26 revenue comparison point in different directions, leaving trading activity and options competition as the central operating variables.