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

Army to take over security of polio teams in KP

The decision was announced after a meeting at the GHQ attended by the representatives of WHO, federal and KP govt

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.


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