Kenyan shilling firms slightly, shares fall

NAIROBI: Kenya's shilling was a touch stronger against the dollar on Monday, helped by off-shore inflows. Stocks were down.

At the official market close of 1330 GMT, commercial banks quoted the shilling at 101.75/85 to the dollar, compared with Friday's close of 101.80/90.

"We saw some hefty flows from off-shore and some unwinding of dollar positions," a trader at one commercial bank said.

On the Nairobi Securities Exchange, the main NSE-20 Share Index fell 20.51 points, or 0.5 percent, to close at 3,814.06 points.