KARACHI, March 21 (Reuters) - Pakistan's stock market closed
higher on Thursday, with continuous support from local and
foreign Investors keeping the market up.
Renewed buying interest was seen in cement stocks amid
hopes of better results in the March quarter.
Heavy weight Oil and Gas Development Company Ltd and Engro
Corporation also remained on the investors' radar, dealer Samar
Iqbal at Topline Securities said.
Karachi Stock Exchange's (KSE) benchmark 100-share
index ended 0.90 percent, or 159.65 points, higher at 17,913.62
Engro Corporation rose 3.31 percent to 130.80
rupees and Oil and Gas Development Company Ltd rose
1.96 percent to 204 rupees.
In the currency market, the rupee ended steady at
98.15/98.21 against the dollar, compared to Wednesday's close of
Overnight rates in the money market rose to 9.10 percent
from Thursday's close of 9 percent.
(Compiled by the Karachi newsroom)