Pakistan stocks end higher, rupee weakens, o/n rates rise

Last Updated: Fri, Jul 05, 2013 12:53 hrs

KARACHI, July 5 (Reuters) - Pakistan's stock exchange closed higher on Friday,

with the benchmark 100-share index of the Karachi Stock Exchange up 0.96 percent or 211.38 points at 22,178.34.

Market continued its uptrend after reentering into IMF program. Interest in oil sector, dealer said

Pakistan Telecommunication Co Ltd rose 4.98 percent to 25.09 rupees while Oil and Gas Development Co Ltd was up 0.45 percent to 231.10 rupees.

The rupee ended weaker at 99.97/100.03 against the dollar, compared to Thursday's close of 99.86/99.93.

Overnight rates in the money market rose to 8.75 percent from Thursday's close of 7.50 percent. (Compiled by the Karachi newsroom)

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