Kenya's shilling stable vs dollar in quiet trade
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Kenya's shilling stable vs dollar in quiet trade UPDATED 10 Jul 2009 | 09:43  
Kenya's shilling stable vs dollar in quiet trade

NAIROBI (Reuters) - Kenya's shilling was barely changed against the dollar on Friday in a session that was characterised by thin trading ahead of the weekend.

At 0920 GMT, commercial banks posted the unit at 76.85/95 against the dollar compared with Thursday's close of 76.80/90.

Traders saw the unit in a range of 76.50-77.00 for the rest of the session with few transactions going through.

"The market is flat... we are looking at new direction. I 'm looking at a range of 76.50-77.00," said Friday Mwafuga.

Imperial Bank's James Ndegwa said traders were watching the political situation after Kofi Annan, the mediator of last year's post-election crisis, said he had handed over a list of suspects to the International Criminal Court.

The move heightens pressure on the east African nation's shaky coalition government to establish a local court or face international justice for the worst blood-letting since independence.

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