KARACHI: Pakistani stocks closed higher on Friday, as investors increased buying because of optimism ahead of upcoming September quarter earning announcements, dealers said. 

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.72 per cent, or 113.56 points, higher at 15,792.75, on total volume of 208.89 million shares.

In the currency market, the Pakistani rupee ended at 95.35/95.45 to the dollar, compared to Thursday’s close of 95.37/95.44.

Overnight rates in the money market ended at 10 per cent compared to Thursday’s 9 per cent.