By Dipo Olowookere Trading on the Nairobi Securities Exchange (NSE) closed on a high note on Monday after President Uhuru Kenyatta was re-elected to lead Kenya for another five years. Kenya stocks gained 2.51 percent to a 14-month high, indicating that investors approved Mr Kenyatta\u2019s victory at the poll against his arch-rival, Mr Raila Odinga. Though there were pockets of violence after the election, the Head of Securities at Genghis Capital, Ken Minjire, said investors had been encouraged by endorsements of the election by various foreign observer groups. Minjire said the main local observer group also acknowledged that the official result was in line with their tally, noting that the international investors were more or less confident.\u201d According Reuters, Aly Khan Satchu, an independent trader and analyst in Nairobi, said the market worried that Mr Odinga, who identifies himself as a social democrat, would have changed the economy\u2019s course. \u201cThe markets were concerned around a leftist \u2018Magufuli\u2019-like tilt which would have eroded Kenya\u2019s hard won free market credentials.\u201d \u201cSo part of this rally is a relief rally,\u201d he said, referring to President John Magufuli of neighbouring Tanzania. \u201cThis means there is a tonne of liquidity that is set to enter the market and underpin valuations.\u201d The NSE-20 index has risen nearly 7 percent since the election last Tuesday. Mr Kenyatta was declared winner by a clear margin on Friday but his main challenger, Mr Odinga, has not yet conceded.