KARACHI, Feb 4 (Reuters) - Pakistan's stock market closed
higher on Monday, with the telecommunications sector taking the
lead as investors predicted earnings would be stronger than
expected, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.13 percent, or 21.84 points, higher at
"(The) Telecom sector remained in the limelight as investors
expect December quarter earnings will be better due to an
increase in international call rates," said Samar Iqbal, a
dealer at Topline Securities.
Telecard rose 24.38 percent to 4.54 rupees.
Pakistan Telecommunication Corporation rose 5.21
percent to 19.40 rupees.
In the currency market, the rupee ended weaker at
97.73/97.79 against the dollar, compared to Friday's close of
Overnight rates in the money market remained flat at nine
(Compiled by the Karachi newsroom)