The KSE-100 index rose 52.29 points to close at 14,384.58 on volume of 55.40 million shares. - File photo

ISLAMABAD: Pakistan's main stock market closed up on Monday but on reduced volume with investors cautious as companies prepare to announce financial year results, dealers said.

The Karachi Stock Exchange benchmark 100-share index rose 52.29 points, or 0.36 per cent, to close at 14,384.58 on volume of 55.40 million shares.

“Investors are waiting for the June results which are likely in the coming weeks,” said Samar Iqbal, a dealer at Topline Securities.

In the currency market, the rupee closed almost flat at 94.45/52 to the dollar, compared with 94.43/49 on Friday.

Overnight rates in the money market closed up at 11.75 per cent from 11.50 per cent on Friday because of decreased liquidity in the market.

More From This Section

Negotiators will try to convince TTP to extend ceasefire: Ibrahim

Ibrahim said a number of concerns from the TTP's end had come forward, adding that these should be addressed.

Four mobile operators qualify for 3G, 4G auction

Meanwhile, a Senate sub-committee on IT recommended the cancellation of the licens auction process.

Balochistan situation has deteriorated, says BNP-M

Dr Jamaldini regretted that during the nine months of the PML-N govt, no change has been witnessed in the province.

PPO to be softened, PM assures Zardari

The opposition parties in the Senate, including the PPP, ANP and PML-Q, made it clear they will not let the bill pass.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Poll
From The Newspaper
Tweets