The Nairobi Securities Exchange has reported a 54 per cent drop in net profit for the six months ended June this year.
The NSE attributed the fall in profits to reduced equity trading volumes that have been fueled by a bearish trend in the market.
Net profit dropped from Sh178.58 million in 2015 for the six months ending June 30, 2015 to Sh81.96 million in 2016.
Total income decreased by 17 per cent from Sh401.1 million to Sh334.3 million in the period under review.
“This was mainly due to a decrease in equity turnover by 31 per cent,” the company said in a statement.
Equity turnover dropped to Sh147 billion compared to Sh213 billion the previous period.
The board of directors did not recommend the payment of an interim dividend for the first half of the year 2016.