April 1, 2019 / 1:24 PM / a year ago

Nairobi Securities Exchange extends trading hours after outage

A worker checks an electronic board displaying market data during a trading session at the Nairobi Securities Exchange in Nairobi, Kenya September 6, 2018. REUTERS/Thomas Mukoya

NAIROBI (Reuters) - Kenya’s Nairobi Securities Exchange said on Monday it would extend trading to 5 p.m. (1400 GMT), from the usual 3 p.m. close, after it managed to resolve a technical hitch which stopped trading for most of the day.

The stock market, which is the largest in East Africa, had earlier said a link to the central depository system, a back office which processes trades, had failed, leading to halting of all trading activities.

One market participant told Reuters that trading had been unavailable for several hours during the day. The bourse said the services were restored just before 4 p.m.

Reporting by Duncan Miriri; Editing by Alison Williams

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