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.