KARACHI, Oct 31 (Reuters) - Pakistan's main stock exchange
closed higher on Thursday, with the benchmark 100-share index
rising 2.09 percent or 465.26 points to 22,775.85.
Led by Oil and Gas Development Co Ltd and Muslim Commercial
Bank Ltd, the market posted a rebound on the last day of the
month of October. Expectation that inflation and interest rates
may not increase substantially forced investors to accumulate
stocks, dealers said.
Oil and Gas Development Co Ltd rose 3.51 percent
to 269.25 rupees while Muslim commercial Bank Ltd was
up 3.65 percent to 280.99 rupees.
The rupee ended steady at 106.76/106.82 against the
dollar, compared to Wednesday's close of 106.78/106.83.
Overnight rates in the money market fell to 7.00 percent
from Wednesday's close of 8.25 percent.
(Compiled by the Karachi newsroom)