KARACHI, Oct 31 (Reuters) - Pakistani stocks closed higher
on Wednesday amid renewed
interest from institutional clients and foreign fund managers.
Investors are anticipating lower inflation figures for
October after double digit inflation earlier in the year. Rosy
result announcements from Pakistan Petroleum Ltd. and
private power company Hubco further fed bullish
The Karachi Stock Exchange (KSE) benchmark 100-share index
ended 0.72 percent, or 114.18 points, higher at 15,910.11, on
total volume of 135.81 million shares.
D.G. Khan Cement rose 1.17 rupees to 53.04 per
In the currency market, the Pakistani rupee ended at
95.84/95.90 to the dollar, compared to Tuesday's close of
Overnight rates in the money market remained flat at 9.00
(Compiled by the Karachi newsroom)