Pakistan stocks close higher, rupee strengthens - Thu May 9 21:43:05 2013
09 May 2013 09:43 GMT
 

KARACHI: Pakistan's stocks closed higher, powered by substantial foreign flows, dealers said.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.97 percent, or 188.91 points, higher at 19,661.46 (more)


KARACHI: Pakistan's stocks closed higher, powered by substantial foreign flows, dealers said.
The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.97 percent, or 188.91 points, higher at 19,661.46 points.
Muslim Commercial Bank Ltd. led the rally, climbing 5 percent to 237.56 rupees. Engro Corporation Ltd, which was up 1.63 percent to 139.25 rupees.
In the currency market, the rupee ended at 98.37/98.43 against the dollar, stronger than Wednesday's close of 98.41/98.46
Overnight rates in the money market rose to 9.40 percent from Wednesday's close of 7 percent.

Reproduced with permission from Arab News



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