NAIROBI - The Kenyan shilling weakened against the dollar on Thursday due to increased demand from banks and importers over uncertainty regarding an IMF stand-by arrangement, traders said. At 0743 GMT, commercial banks quoted the shilling at 100.80/101.00 per dollar, compared with 100.75/95 at Wednesday's close. The shilling spiked at 100.96/101.16 earlier in the session. Kenya secured a six-month extension for its stand-by credit arrangement of $989.8 million from the International Monetary Fund in March, and that extension lapses in mid-September "Activity is just panic buying. Market players, banks and importers are just positioning themselves ahead of the announcement," said a senior trader from a commercial bank. The IMF has preconditioned the extension of the stand-by credit, used for balance of payments support, on a number of measures, including the repeal of a cap on commercial lending rates which was imposed in 2016 but retained by parliament last month. "If the announcement is positive and the standby facility remains, the shilling should gain again, but if doesn't, the shilling should depreciate even further," the trader said. .............Shilling spot rates .............Shilling forward rates ...........Cross rates ....................Local contributors ..................Central Bank of Kenya Index ...................Kenyan Bonds contributor pages ..........Treasury bill yields ....................Central bank open market operations .....................Horizontal repo transactions , .............Daily interbank lending rate ................Kenya Bond pricing .................Real time Africa economic data <ECI & AFR> ................African economic news ...................NSE-20 Share Index ...................NSE-25 Share Index ....................NSE All Share Index ................FT NSE Kenya 15 Index ............... FT NSE Kenya 25 Index