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Pakistani stocks end higher, Rupee strengthens
 
 
 
Pakistani Stocks End Higher, Rupee Strengthens

KARACHI- Pakistan’s main stock exchange closed higher today, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.19 percent, or 49.70 points to 26,892.23.


Overall consolidation was seen in the market while profit taking was seen in Oil exploration companies and Cement stocks, dealer Samar Iqbal at Topline Securities said.


D.G.Khan Cement Co Ltd fell 2.03 percent to 90.25 rupees while Pakistan State Oil Co Ltd was up 2.16 percent to 395.76 rupees.


The rupee ended higher at 102.85/102.95 against the dollar compared to Thursday's close of 103.30/103.35.


Overnight rates in the money market rose to 9.90 percent from Thursday's close of 9.00 percent.

 
 
 
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