The Karachi Stock Exchange.—File Photo

KARACHI: The Pakistani stock market closed higher on Tuesday, with buying triggered by expected healthy corporate results to be announced for December.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.98 percent, or 167.05 points, higher at 17,172.04.

Business conglomerate Engro Corporation gained 4.36 percent after the Economic Coordination Committee announced a new gas loading management plan, said dealer Samar Iqbal at Topline Securities.

Telecard Ltd was up 27.31 percent at 3.45 rupees. Fauji Cement was down 2.09 percent at 7.95 rupees while Byco Petroleum fell 1.55 percent to 13.94 rupees.

In the currency market, the rupee ended at 97.64/97.69 against the dollar, stronger than Monday’s close of 97.68/97.74.

Overnight rates in the money market were flat at 9.40 percent.

More From This Section

SC has learnt to bolster democracy, says chief justice

Authority of SC may be extended to a number of areas from which it has historically maintained a distance, said CJ.

Musharraf likely to travel to Karachi today

Sources said Musharraf's likely visit to Karachi is on account of security issues and to continue of his treatment.

Nation standing firm beside armed forces: PM

The prime minister was addressing the passing out parade of the 129th Pakistan Military Academy Long Course on Saturday.

Police officer among two shot dead in Quetta targeted killings

Armed militants killed a police officer and critically injured his son on Quetta's troubled Sariab road area.


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