KARACHI, July 22 (Reuters) - Pakistan's stock exchange
closed higher on Monday, with the benchmark 100-share index of
the Karachi Stock Exchange rising 0.98 percent or 228.88 points
Pakistan State Oil Co Ltd and Pakistan Telecommunication
Co Ltd helped the index gain more than 200 points while selling
pressure was witnessed in the banking sector throughout the day.
Dealers said they expected the market to remain bullish in the
Pakistan Telecommunication Co Ltd rose 4.97
percent to 26.83 rupees while Pakistan State Oil Co Ltd
was up 4.47 percent at 357.20 rupees.
The rupee ended at 100.67/100.72 against the dollar,
weaker compared to Friday's close of 100.62/100.67.
Overnight rates on the money market fell to 8.50 percent
from Friday's close of 9 percent.
(Compiled by the Karachi newsroom)