KARACHI, May 8 (Reuters) - Pakistan's stocks closed higher
on Wednesday, driven by steady foreign buying, and confidence
among investors that Saturday's general election would run
smoothly, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 1.09 percent, or 209.81 points, higher at
Oil and Gas Development Company Ltd rose 1.26
percent to 208 rupees and Pakistan Petroleum Ltd was up
1.16 percent to 199 rupees.
In the currency market, the rupee ended weaker at
98.41/98.46 against the dollar, compared to Tuesday's close of
Overnight rates in the money market remained flat at 7
(Compiled by the Karachi newsroom)