KARACHI, Jan 20 (Reuters) - Pakistan's main stock exchange
closed higher on Monday with the benchmark 100-share index of
the Karachi Stock Exchange
rising 0.32 percent, or 87.10 points, to 27,000.95.
Investors took keen interest at the bourse after the State
Bank of Pakistan decided to keep the policy rate unchanged in
its latest Monetary Policy Statement.
Engro Corporation remained high on the investor radar as it
had closed on the upper cap while banking sector scrips remained
mixed due to lack of change in the discount rate, said Asad
Siddiqui at Topline Securities.
Engro Corporation rose 5 percent to 188.56 rupees
and National Bank of Pakistan was down 1.16 percent to
The rupee ended weaker at 105.40/105.46 against the
dollar compared to Friday's close of 105.30/105.35.
Overnight rates in the money market fell to 9.50 percent
from Friday's close of 9.75 percent.
(Compiled by the Karachi newsroom)