KARACHI, April 25 (Reuters) - Pakistani stocks closed at a
recrod high on Thursday, after better than expected March
quarterly results were announced.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.56 percent, or 105.94 points, higher at
Cement stocks were strong after positive announcements from
Maple Leaf Cement and Fecto Cement. Hub Power Company Ltd and
Oil and Gas Development Company Ltd also announced healthy
results, said dealer Samar Iqbal at Topline Securities.
Maple Leaf Cement rose 3.45 percent to 19.50
rupees and Hub Power Company Ltd was up 1.51 percent
to 54.50 rupees.
In the currency market, the rupee ended weaker at
98.40/98.45 against the dollar compared to Wednesday's close of
Overnight rates in the money market remained flat at 9.40
(Compiled by the Karach newsroom)