KARACHI, Nov 1 (Reuters) - Pakistani stocks closed higher on
Thursday, briefly touching a record high of over 16,000 points,
supported by expectations that inflation fell in October.
Investors anticipate lower inflation figures will be
announced Friday, allowing the central bank to further reduce
the monetary policy rate, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index
ended 0.33 percent, or 52.26 points, higher at 15,962.37, on
total volume of 189.16 million shares.
In the currency market, the Pakistani rupee ended at
higher at 95.65/95.69 to the dollar, compared to Wednesday's
close of 95.84/95.90.
Overnight rates in the money market ended at 9.25 percent
compared to Wednesday's 9.00 percent.
(Compiled by the Karachi newsroom)