KARACHI, Feb 18 (Reuters) - Pakistan's stock market closed
at a new high on Monday, driven by expectations of strong
corporate earnings, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.38 percent, or 68.39 points, higher at
Pakistan Telecommunication Corporation rose 3.42
percent to 22.70 rupees and D.G. Khan Cement climbed
4.99 percent to 60.78 rupees. Engro Corporation
rose 5.0 percent to 99.10 rupees.
In the currency market, the rupee ended weaker at
98.10/98.15 against the dollar, compared to Friday's close of
Overnight rates in the money market fell to 7.50 percent
compared to Friday's close of 8.50 percent.
(Compiled by the Karachi newsroom)