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Pakistan stocks close higher, rupee firm, o/n rates flat

Source : REUTERS
Last Updated: Wed, Jan 30, 2013 17:50 hrs

KARACHI, Jan 30 (Reuters) - The Pakistani stock market closed higher on Wednesday with higher volume in telecoms on expectations of stronger earnings in the last quarter.

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.19 percent, or 33.23 points, higher at 17,205.27.

Telecard Ltd was up 16.62 percent at 4 rupees. Pakistan Telecommunication Corporation Ltd rose 5.64 percent to 18.72 rupees.

In the currency market, the rupee ended steady at 97.64/97.69 against the dollar, compared to Tuesday's close of 97.64/97.69.

Overnight rates in the money market were flat at 9.40 percent. (Compiled by the Karachi newsroom)



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