KARACHI, Jan 17 (Reuters) - Pakistan's main stock exchange
closed higher on Friday with the benchmark 100-share index of
the Karachi Stock Exchange
rising 0.69 percent, or 183.61 points, to 26,913.85.
With much awaited listing of (EFERT) Engro Fertilizer market
cap of KSE100 increased by US$361mn. Moreover, it also led to
growth in investment of some 30,000 applicants who successfully
participated in IPO process. interest was seen in Pakistan
Telecommunication Co Ltd and Muslim Commercial Bank Ltd.amongst
others. dealer said.
Pakistan Telecommunication Co Ltd rose 3.18
percent to 29.50 rupees and Muslim Commercial Bank Ltd
was up 1.54 percent to 295.90 rupees.
The rupee ended at 105.30/105.35 against the dollar
compared to Thursday's close of 105.40/105.46.
Overnight rates in the money market rose to 9.75 percent
from Thursday's close of 9.50 percent.
(Compiled by the Karachi newsroom)