KARACHI, Dec 28 (Reuters) - Pakistani stocks closed higher
on Friday as traders showed interest in stocks from energy
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.30 percent, or 50.87 points, higher at
Stocks that ended positively included Byco Petroleum
, which rose 5.22 percent, or 0.69 rupee, to 13.91 per
share and Askari Bank, which was up 3.58 percent, or
0.60 rupees, to 17.35 per share.
Stocks that fell included TRG Pakistan, down 2.4
percent to 5.70 per share, and Engro Corp, which fell
1.03 percent to 91.00 per share.
In the currency market, the Pakistani rupee
strengthened, ending at 97.17/97.23 against the dollar, compared
to Thursday's close of 97.45/97.50.
Overnight rates in the money market ended at 7 percent
compared to Thursday's close of 8.75 percent.
(Compiled by the Karachi newsroom)