KARACHI: Pakistani stocks rose towards 16,300 points on Monday, supported by a rise in shares of Summit Bank and Fauji Cement.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.20 per cent, or 32.89 points, higher at 16,270.48.

Summit Bank rose 1.33 per cent, or 0.04 rupees, to 3.04 per share, while Fauji Cement gained 1.15 per cent, or 0.08 rupees, to 7.05 per share.

D.G. Khan Cement fell 0.3 per cent, or 0.16 rupees, to 53.35 per share, while Byco Petroleum dropped 2.71 per cent, or 0.29 rupees, to 10.40 per share.

In the currency market, the Pakistani rupee weakened at 96.08/96.15 to the dollar, compared to Friday’s close of 96.01/96.07, pressured by upcoming debt repayments to the International Monetary Fund, a dealer said.