The Karachi Stock Exchange.—Rueters/File Photo

KARACHI: Pakistan’s stocks closed higher on Friday, with optimism about upcoming earnings driving the market, dealers said.

The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.12 per cent, or 22.59 points, higher at 18,636.03 points.

Bank Islami Pakistan Ltd rose 6.35 per cent to 6.70 rupees while Pakistan Telecommunication Company Ltd was up 2.47 per cent to 21.17 rupees.

In the currency market, the rupee ended almost steady at 98.30/98.35 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

Dangerous law
17 May, 2024

Dangerous law

OUR political leaders never seem to learn from their mistakes. The Punjab Assembly is due to vote on a new ...
Uncalled for pressure
17 May, 2024

Uncalled for pressure

THE recent press conferences by Senators Faisal Vawda and Talal Chaudhry, where they demanded evidence from judges...
KP tussle
17 May, 2024

KP tussle

THE growing war of words between KP Chief Minister Ali Amin Gandapur and Governor Faisal Karim Kundi is affecting...
Dubai properties
Updated 16 May, 2024

Dubai properties

It is hoped that any investigation that is conducted will be fair and that no wrongdoing will be excused.
In good faith
16 May, 2024

In good faith

THE ‘P’ in PTI might as well stand for perplexing. After a constant yo-yoing around holding talks, the PTI has...
CTDs’ shortcomings
16 May, 2024

CTDs’ shortcomings

WHILE threats from terrorist groups need to be countered on the battlefield through military means, long-term ...