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Pakistan stocks close higher, rupee strengthens, o/n rates fall

Source : REUTERS
Last Updated: Thu, Apr 11, 2013 12:00 hrs

KARACHI, April 11 (Reuters) - Pakistani stocks closed higher on Thursday, supported by interest in cement and banking shares, traders said.

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.22 percent, or 41.20 points, higher at 18,764.55 points.

Al-Abbas Cement Industries Ltd rose 4.48 percent to 6.30 rupees and National Bank of Pakistan was up 2.52 percent to 38.61 rupees.

In the currency market, the rupee ended at 98.20/98.25 against the dollar, stronger than Wednesday's close of 98.30/98.35. Overnight rates in the money market fell to 9.40 percent from Wednesday's close of 9.50 percent. (Compiled by the Karachi newsroom)




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