KARACHI, June 12 (Reuters) - Pakistan's stocks closed above
22,000 on Wednesday led by oil stocks, after the government
announced that it would seek to ease the country's debt.
Fertiliser and cement firms came under selling pressure
with investors anticipating tax increases in the upcoming
budget, which could hurt profitability, dealers said.
The Karachi Stock Exchange's benchmark 100-share
index closed 0.52 percent, or 115.50 points, higher at
The Fauji Cement Company Ltd fell 1.98 percent at
11.90 rupees, while Fauji Fertilizer Co Ltd was down
0.61 percent at 113.48 rupees.
The rupee ended steady at 98.50/98.55 against the
Overnight rates in the money market remained flat at 9.40
(Compiled by the Karachi newsroom)