AIRLINK 166.93 Decreased By ▼ -3.64 (-2.13%)
BOP 11.25 Increased By ▲ 0.07 (0.63%)
CNERGY 8.48 Increased By ▲ 0.07 (0.83%)
CPHL 99.40 Decreased By ▼ -0.33 (-0.33%)
FCCL 46.36 Decreased By ▼ -0.24 (-0.52%)
FFL 15.40 Increased By ▲ 0.25 (1.65%)
FLYNG 27.75 Increased By ▲ 0.20 (0.73%)
HUBC 142.60 Increased By ▲ 4.82 (3.5%)
HUMNL 12.90 Decreased By ▼ -0.02 (-0.15%)
KEL 4.53 Decreased By ▼ -0.01 (-0.22%)
KOSM 5.42 Increased By ▲ 0.06 (1.12%)
MLCF 62.50 Increased By ▲ 0.10 (0.16%)
OGDC 211.25 Decreased By ▼ -0.91 (-0.43%)
PACE 5.42 No Change ▼ 0.00 (0%)
PAEL 46.35 Decreased By ▼ -0.83 (-1.76%)
PIAHCLA 18.09 Decreased By ▼ -0.39 (-2.11%)
PIBTL 10.89 Increased By ▲ 0.53 (5.12%)
POWER 12.22 Decreased By ▼ -0.11 (-0.89%)
PPL 170.00 Increased By ▲ 0.40 (0.24%)
PRL 35.89 Increased By ▲ 0.04 (0.11%)
PTC 23.04 Decreased By ▼ -0.05 (-0.22%)
SEARL 96.45 Increased By ▲ 0.19 (0.2%)
SSGC 41.15 Increased By ▲ 1.63 (4.12%)
SYM 13.81 Decreased By ▼ -0.03 (-0.22%)
TELE 7.15 No Change ▼ 0.00 (0%)
TPLP 10.03 No Change ▼ 0.00 (0%)
TRG 63.50 Increased By ▲ 0.02 (0.03%)
WAVESAPP 10.05 Increased By ▲ 0.06 (0.6%)
WTL 1.32 Increased By ▲ 0.01 (0.76%)
YOUW 3.69 Increased By ▲ 0.03 (0.82%)
BR100 12,324 Increased By 18.5 (0.15%)
BR30 37,554 Increased By 138.7 (0.37%)
KSE100 115,345 Increased By 491.8 (0.43%)
KSE30 35,344 Increased By 127.2 (0.36%)

NAIROBI: The Kenyan shilling was stable on Friday, and traders said that central bank selling dollars earlier this week to match importer demand helped it.

The shilling traded at 129.00/130.00 at 0650 GMT, according to LSEG data, the same as Thursday’s closing rate.

Kenyan shilling steady as export dollar inflows match rising demand

“We’ve seen the regulator coming to intervene in the market, and that has cured all the demand that was pending,” one trader said.

The central bank says it has no preferred level for the shilling and only intervenes to smooth out volatility in either direction for the local currency.

Comments

200 characters