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

KARACHI: Pakistan’s stock market closed higher on Thursday, driven by interest in aviation and telecom stocks, despite trading volumes at a 10-week low.

Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.28 per cent, or 49.86 points, higher at 17,947.76 points.

The telecom sector gained some momentum after the Supreme Court deferred a final decision on a case over international calling rates, dealers said.

Pakistan International Airline Corporation rose 1.97 per cent to 7.25 rupees and Pakistan Telecommunication Company Ltd rose 1.02 per cent to 19.90 rupees.

In the currency market, the rupee ended weaker at 98.37/98.42 against the dollar, compared to Wednesday’s close of 98.35/98.39.

Overnight rates in the money market fell to 9.40 per cent from Wednesday’s close of 9.50 per cent.

More From This Section

PM orders judicial probe into attack on Hamid Mir

The government also announced a reward of Rs10 million for any information leading to the arrest of culprits.

UN officials confirm staff members go missing in Pakistan

Two local employees working for the Unicef were suspected to have been kidnapped from Karachi.

Punjab govt accused of being soft on militants

Senior officials say the govt has been “sleeping over” regular intelligence reports on militants' presence in Punjab.

Slain ANP leader’s house attacked; Police foil terror bid

Unknown gunmen attacked the house of the late Mian Mushtaq late last night and abducted three of his relatives.

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?
From The Newspaper