KARACHI, June 11 (Reuters) - Pakistan's stocks closed higher
on Tuesday as the market witnessed some profit taking and
selling pressure in oil and fertiliser stocks before the
announcement of the federal budget.
Heavy-weight Oil and Gas Development Co Ltd also supported
the index by contributing 27 points to the total gain, dealers
The Karachi Stock Exchange's benchmark 100-share
index closed 0.26 percent, or 58.33 points, higher at 22,209.07.
The Oil and Gas Development Co Ltd rose 1.27
percent at 245 rupees, while Engro Foods Ltd was down
2.21 percent at 140 rupees.
The rupee ended steady at 98.50/98.55 against the
dollar. Overnight rates in the money market remained flat at
(Compiled by the Karachi newsroom)