KARACHI, Jan 1 (Reuters) - Pakistan's main stock exchange
closed higher on Wednesday
with the benchmark 100-share index of the Karachi Stock Exchange
rising 1.38 percent, or 347.71 points, to 25,608.85.
Investors were buoyed by news that monthly inflation had
declined by 1.3 percent and renewed interest was seen in the
cement and textile stocks.
Maple Leaf Cement Factory Ltd rose 5 percent to
28.80 rupees while Nishat Mills Ltd was up 5 percent
at 133.60 rupees.
The rupee weakened against the dollar to close at
105.40/105.45 compared to Tuesday's close of 105.20/105.25.
The money market was closed Wednesday due to a bank holiday
so rates remained at Tuesday's close of 10.00 percent.
(Compiled by the Karachi newsroom)