KARACHI, Nov 26 (Reuters) - Pakistani stocks rose towards
16,300 points on Monday, supported by a rise in shares of Summit
Bank and Fauji Cement.
The Karachi Stock Exchange (KSE) benchmark 100-share
index ended 0.20 percent, or 32.89 points, higher at 16,270.48.
Summit Bank rose 1.33 percent, or 0.04 rupees, to 3.04 per
share, while Fauji Cement gained 1.15 percent, or 0.08 rupees,
to 7.05 per share.
D.G. Khan Cement fell 0.3 percent, or 0.16 rupees,
to 53.35 per share, while Byco Petroleum dropped 2.71
percent, or 0.29 rupees, to 10.40 per share.
In the currency market, the Pakistani rupee weakened
at 96.08/96.15 to the dollar, compared to Friday's close of
96.01/96.07, pressured by upcoming debt repayments to the
International Monetary Fund, a dealer said.
Overnight rates in the money market ended at 9.00 percent
Friday is not available.
(Compiled by the Karachi newsroom)