KARACHI, Feb 28 (Reuters) - Pakistan's main stock exchange
closed higher on Friday, with the benchmark 100-share index of
the Karachi Stock Exchange rising 1.19 percent, or 304.35 points
Pakistan State Oil Co Ltd's surprise earnings and payout
contributed to an across the board rally at the local bourse.
Foreign inflows in the last two days also helped to boost market
sentiments. Oil and cement stocks also rallied, said dealer
Samar Iqbal at Topline Securities.
Pakistan State Oil Co Ltd rose 5 percent to 360.47
rupees while Maple Leaf Cement Factory Ltd was up 5
percent to 29.27 rupees.
The rupee ended at 104.87/104.92 against the dollar
compared to Thursday's close of 104.90/105.95.
Overnight rates in the money market rose to 10.00 percent
from Thursday's close of 7.50 percent.
(Compiled by the Karachi newsroom)