The Karachi Stock Exchange.—Reuters Photo

KARACHI: Pakistani stocks closed higher on Friday, as investors increased buying because of optimism ahead of upcoming September quarter earning announcements, dealers said. 

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.72 per cent, or 113.56 points, higher at 15,792.75, on total volume of 208.89 million shares.

In the currency market, the Pakistani rupee ended at 95.35/95.45 to the dollar, compared to Thursday’s close of 95.37/95.44.

Overnight rates in the money market ended at 10 per cent compared to Thursday’s 9 per cent.

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Comments (1) Closed

Cyrus Howell
Oct 19, 2012 02:24pm
This bull market could go on for another year and one half.