KARACHI, Jan 31 (Reuters) - Pakistani stocks to a new high
on Thursday, mainly supported by banks, but the cement sector
drew strong interest with some investors buying on results and
some taking profits.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.22 percent, or 37.47 points, higher at
Expectations of imminent results kept cement on the radar.
Maple Leaf Cement closed 4 percent down after announcing its
December results. Fauji Cement was up 2.43 percent at
Karachi Electric rose 3.23 percent to 6.07 rupees.
Pakistan Telecommunication Corporation Ltd fell
0.96 percent to 18.54 rupees.
In the currency market, the rupee ended weaker at
97.70/97.76 against the dollar, compared to Wednesday's close of
Overnight rates in the money market fell to 6.50 percent
compared to Wednesday's close of 9.40 percent.
(Compiled by the Karachi newsroom)