Kenyan shilling stable, trade ramping up after election lull

Kenyan shilling stable, trade ramping up after election lull

NAIROBI, Aug 19 (Reuters) - Kenya's shilling KES= was broadly stable against the dollar on Friday as dollar supply and demand started to ramp up after a post-election lull, traders said.

Deputy President William Ruto was declared president-elect by the Kenyan election commission on Monday, but his defeated rival Raila Odinga has said he will contest the results in court.

At 0943 GMT, commercial banks quoted the shilling at 119.65/85 against the dollar, compared to Thursday's closing rate of 119.60/80.

"Demand has been quiet but now picking up again," a trader at a commercial bank said. "Some people were holding their dollars over the election – but the perception of chaotic conditions have gone down out so inflows have increased."

According to Refinitiv data, the shilling has fallen around 5.5% against the dollar this year. KES= KES1= ...........................Shilling spot rates KESF= 0#KESF= .....................Shilling forward rates EURKES= KESX= KESX1= .......................Cross rates KES=KE ..................................Local contributors CBKINDEX .......................Central Bank of Kenya Index KE/DEBT .....................Kenyan Bonds contributor pages CBK03 CBK06 KE3MTB= ...............Treasury bill yields CBK04 ..................Central bank open market operations CBK07 .........................Horizontal repo transactions KEIBR= , CBK02 ................Daily interbank lending rate 0#KETSYSTR= .............................Kenya Bond pricing .NSE20 .................................NSE-20 Share Index .NSE25 .................................NSE-25 Share Index .NASI .................................NSE All Share Index .FTFNKEN1 ...........................FT NSE Kenya 15 Index .FTFNKEN2 .......................... FT NSE Kenya 25 Index SPEED GUIDES: REUTERS KES/1 KE/DEBT MONEY KE/EQUITY
Reporting by Hereward Holland; Editing by George Obulutsa