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Pakistani stocks end higher; rupee weakens

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A stockbroker on the floor of the Karachi Stock Exchange. —Reuters Photo

KARACHI: Pakistani stocks ended higher on Wednesday, as investors showed more buying interest despite ongoing political uncertainty in the country.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.17 per cent, or 25.96 points, higher at 15,399.42, on total volume of 82.66 million shares.

In the currency market, the Pakistani rupee ended weaker at 94.72/94.77 to the dollar compared to Tuesday’s close of 94.51/94.56.

Overnight rates in the money market ended flat at 10.40 per cent.

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