KARACHI, Nov 15 (Reuters) - Pakistani stocks closed higher
on Thursday, led by higher prices in cement stocks and trading
in blue chip companies.
The Karachi Stock Exchange (KSE) benchmark 100-share
index ended 0.14 percent, or 22.55 points, higher at 16,143.07.
The expected resumption of gas supply to fertilizer industry
helped boost buying despite concerns over the rupee's downward
trend, said Ahsan Mehanti, a trader at Arif Habib Corp.
Fauji Cement rose 4.26 percent, or 0.28 rupees, to
6.85 per share, while Maple Leaf Cement rose 6.26
percent, or 0.71 rupees, to 12.05 per share.
In the currency market, the Pakistani rupee
strengthened, closing at 95.71/95.76 to the dollar, compared to
Wednesday's close of 95.86/95.91.
Overnight rates in the money market ended at 10 percent
compared to Wednesday's close of 9.90 percent.
(Compiled by the Karachi newsroom)