In this episode, the Hisa team looks at CIC's performance for the half-year ended June 2021, analyse how local investors on the NSE outpaced foreign investor activity for the first time in a long time and weigh in on how unrest in Afghanistan and the Middle East could affect global commodity prices. 
Highlights: 
CIC reported a net profit of KSh260 million for H1 ended June 2021. Gross written premiums rose by 15% to 10.8 billion, while net earned premium rose by 0.5%. The counter rose by 47% YTD and 54% YoY, ranking at 3rd on the exchange in YTD performance.  Local investors accounted for 65.65% of the total market activity on the NSE, overtaking foreign investors at 34.35%. Most of the investment went into Safaricom, Equity, KCB and Cooperative bank, while foreign investors mostly focused on EABL.  NASI was up by 1.5%, closing at 181.18 basis points. The NSE 25 rose by 0.84%, closing the week at 3950 basis points. The NSE 20 fell by 0.68%, closing at 1961.07 points. Equity turnover was up 64.3%, closing the week at Ksh 2.45 billion trade in terms of trade. The bond market was also up 2.9%, with Ksh 21.9 billion worth of bonds traded. The total shares traded rose by 142%, with 110 million shares traded in the week. Bank of Kigali was the top gainer for the week, up by 18%, closing at Ksh 38.25. NBV was the top loser, shedding 14.8% and closing at Ks 5.92. Ghana was the top-performing sub-Saharan African exchange for the week, with its all share index gaining 40.5% YTD. Zambia, Kenya and Uganda followed, gaining 19.2%, 19.1%, and 18.3%.  A destabilised Middle East would not board well for commodity prices starting with oil, likely affecting other markets.  

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