KARACHI, Jan 3 (Reuters) - Pakistani stocks closed higher on
Thursday after investors bought blue chip stocks.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.60 percent, or 98.55 points, higher at
"We expect the market to jump back in to a bullish tone as
result season kicks in," said dealer Ovais Ahsan at JS Global
Financial services firm Jahangir Siddiqui rose
6.77 percent to 15.77 per share and Byco Petroleum was
up 2.75 percent to 13.46 per share.
Engro Corp fell 0.05 percent to 88.70 per share.
In the currency market, the Pakistani rupee ended
steady at 97.35/97.40 against the dollar, compared to
Wednesday's close of 97.34/97.39.
Overnight rates in the money market ended at 6.75 percent
compared to Wednesday's close of 6.50 percent.
(Compiled by the Karachi newsroom)