A stockbroker at the Karachi Stock Exchange.—Reuters (File Photo)

KARACHI: Pakistan's stock market closed higher on Tuesday, boosted by higher volumes and a recovery in the banking sector, dealers said.

Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 1.15 per cent, or 201.37 points, higher at 17,693.37 points.

Strong cotton prices supported the textile sector, said Samar Iqbal at Topline Securities.

Muslim Commercial Bank Ltd rose 3.14 per cent to 188.75 rupees while Nishat Mills Ltd was up 4.99 per cent to 81.99 rupees.

In the currency market, the rupee ended weaker at 98.13/98.18 against the dollar, compared to Monday’s close of 98.10/98.16.

Overnight rates in the money market fell to 9 per cent from Monday's close of 9.25 per cent.


Do you have information you wish to share with Dawn.com? You can email our News Desk to share news tips, reports and general feedback. You can also email the Blog Desk if you have an opinion or narrative to share, or reach out to the Special Projects Desk to send us your Photos, or Videos.

More From This Section

Comments (0) Closed