* Shilling seen under pressure
* Stocks end session slightly higher
(Adds shilling closing rate, stocks, bonds)
By George Obulutsa
NAIROBI, Sept 10 (Reuters) - The Kenyan shilling
KES=
weakened on Wednesday due to dollar demand from importers in the energy and telecommunications sectors, while stocks rose for the fourth straight session.
At close of trade at 1300 GMT, commercial banks quoted the shilling at 88.75/85 to the dollar, compared with Tuesday's close of 88.60/70.
John Muli, trader at African Banking Corporation, said demand was overwhelming the trickle of dollars into the market, but the central bank was helping to support the local currency by mopping up excess liquidity.
During the session the central bank mopped up 4.66 billion shillings from the money markets. On Tuesday, the bank absorbed 5 billion shillings ($55 million) from the money markets in excess liquidity.
CBK04
The central bank's action of removing excess liquidity from the money market lends support to the shilling by making it more expensive for banks to hold long dollar positions.
Traders said they forecast the shilling to trade in the 88.50-89.30 range in coming days.
On the Nairobi Securities Exchange, the main NSE-20 Share Index
.NSE20
was up slightly by 0.1 percent or 7.12 points to close at 5,190.01 points.
On its second day of trading, demutualised Nairobi Securities Exchange's
NSE.NR
shares surged 9.5 percent to 17.85 shillings. The exchange's initial public offer had been oversubscribed, and the appetite for the stock has kept the stock rising from its listing price of 9.50 shillings.
On the bonds markets, government bonds valued at 1.8 billion shillings ($20 million) were traded, down from 2.71 billion shillings on Tuesday.
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
ECONAFRICA
..................Real time Africa economic data
...........................African economic news
.NSE20
.................................NSE-20 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
(1 US dollar = 88.6000 Kenyan shilling)
(Editing by Toby Chopra) ((george.obulutsa@thomsonreuters.com; Tel: +254 20 499 1232; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net))
Keywords: KENYA MARKETS/
