The Nairobi all share 0.622% to close at 122.86.

EABL was in large part responsible for the downdraft in the all share yesterday and fell 4.011% the day after releasing a full year profits warning.

The all share is +29.517% this year and sits 4.707% below its 2013 closing high from May 22.

The Nairobi NSE20 index eased 9.41 points to close at 4787.57.

CIC Insurance released first half earnings where H1 PAT increased +4.1612% to 432.369m.

Express Kenya released full year earnings where FY PAT decreased -54.23% to 6.064m

Equity turnover was 391.785m versus 591.617m previously.

Tullow Oil PLC released a very bullish East Africa outlook in their first half earnings release.

The inflation rate spiked to 6.02% from 4.91% in June on a year on year basis.

In commercial and services,

Safaricom firmed 0.69% to close at 7.30 and traded 13.754m shares worth 100.385m. Safaricom disclosed that CEO Collymore bought 320,000 shares in the year to March and the CFO acquired 600,000 shares, which is strong and affirmative signal for investors. Safaricom is +44.55% in 2013 and 3.311% below a July 2008 closing high of 7.55 achieved earlier this year. I expect a move through that level and beyond 8.00 before end year.

LongHorn Kenya maintained its bull price rebound by rallying a further 6.3% to close at 13.50 and traded 200 shares. LongHorn Kenya has rallied +68.75% this month but admittedly on very light volume.

Kenya Airways bounced 1.08% to close at 9.40 and traded 130,900 shares.

ScanGroup closed unchanged at 66.50 on good volume of 263,400 shares worth 17.642m.

Among Banks

CIC Insurance corrected 2.061% lower to close at 4.75 and was trading session lows of 4.70 -3.09% at the finish line. CIC Insurance released first half earnings where H1 PAT increased +4.1612% to 432.369m, Net earned premiums increased +31.523% to 4.488731b. Net claims and policyholders benefits surged +40.944% to 2.994320b.

Kenya Commercial Bank eased 0.58% off an all time closing high to close at 42.75

Industrial and Allied

EABL issued a full year profits warning after the closing bell yesterday.

EABL traded a 328.00-345 trading range and closed 4.011% lower at 335.00 and traded 179,800 shares worth 60.364m. EABL is +26.415% this year even after yesterday's correction. EABL previously had announced a -18.351445% Deceleration in H1 PAT and therefore, this Profits Warning might have been priced in to some degree.

Express Kenya released full year earnings where FY PAT decreased -54.23% to 6.064m. There was no dividend. Express Kenya closed unchanged at 3.70.

Umeme traded a 1,000 shares at 13.00 +8.33% and was the biggest gainer at the Securities exchange.

Total Kenya rallied +5.32% to close at 15.85 and traded 52,100 shares.

Home Afrika eased 4.76% to close at 19.00 and traded 26,800 shares.