KARACHI, Pakistan Oct 24 (Reuters) - Pakistan's main stock
exchange closed higher on Thursday, with the benchmark 100-share
index of the Karachi Stock Exchange rising 0.06 percent or 13.56
points to 22,360.85.
In spite of huge foreign inflows the market took a breather
after rising by 3.5 percent in the last few trading sessions as
investors opted to book some profits, traders said.
Pakistan State Oil Co Ltd saw selling pressure amid news of
increased circular debt, they added.
Oil and Gas Development Co Ltd rose 3.21 percent
to 254.95 rupees while Pakistan State Oil Co Ltd was
down 2.98 percent to 267.10 rupees
The rupee ended weaker 106.44/106.49 against the
dollar, compared to Wednesday's close of 106.41/106.46.
Overnight rates in the money market fell to 7.00 percent
from Wednesday's close of 9.40 percent.
(Compiled by the Karachi newsroom)