KARACHI, March 22 (Reuters) - Pakistan's stock market closed
higher on Friday, with interest focused on cement and fertilizer
companies, traders said.
Karachi Stock Exchange's (KSE) benchmark 100-share
index ended 0.28 percent, or 49.49 points, higher at 17,963.11
Trading was thin while investors waited for the formation of
a caretaker government ahead of elections on May 11, dealers
D.G.Khan Cement rose 0.57 percent to 69.35 rupees
and Wateen Telecom Ltd rose 12.46 percent to 3.61
In the currency market, the rupee ended almost steady
at 98.17/98.22 against the dollar.
Overnight rates in the money market rose to 9.40 percent
from Thursday's close of 9.10 percent.
(Compiled by the Karachi newsroom)