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Pakistani stocks end higher; rupee weakens; o/n rates flat

October 22, 2012


Pakistani rupees — File Photo
Pakistani rupees — File Photo

KARACHI: Pakistani stocks closed higher on Monday, driven by optimism over upcoming earnings announcements, traders said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.35 per cent, or 55.88 points, higher at 15,848.63, on total volume of 149.04 million shares.

In the currency market, the Pakistani rupee ended at 95.42/95.47 to the dollar, compared to Friday's close of 95.35/95.45.

Overnight rates in the money market remained flat at 10 per cent.