Pakistan stocks up; rupee flat; o/n rates up

Published Jul 16, 2012 12:39pm

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.

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