The Karachi Stock Exchange.—Reuters Photo

KARACHI: Pakistan’s stock market closed higher on Friday, driven mainly by the telecommunications sector, dealers said.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.53 per cent, or 95.55 points, higher at 18,043.31 points.

Oil and Gas Development Company Ltd rose 0.76 per cent to 204 rupees and Wateen Telecom Ltd rose 10.16 per cent to 4.23 rupees.

“Led by telecom sector market closed above 18,000 points mark with decent volumes. Wateen Telecom remained in limelight,” said Samar Iqbal, a trader at Topline Securities.

In the currency market, the rupee ended steady at 98.38/98.43 against the dollar.

Overnight rates in the money market remained flat at 9.40 per cent.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.