WebSify
Follow us on
login
Mail
Print

Pakistani stocks end higher; rupee weakens; o/n rates flat

Source : REUTERS
Last Updated: Fri, Oct 12, 2012 00:41 hrs

KARACHI, Oct 11 (Reuters) - Pakistani stocks closed higher on Wednesday with increased activity in the telecoms sector, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.58 percent, or 91.48 points, higher at 15,845.30 on total volume of 106.24 million shares.

"Stocks again closed at a new peak today because of anticipation that September earning reports will exceed expectations," said Mohammad Sohail at Topline Securities.

"PTCL was active today, mainly because the company has started charging a higher tariff on international calls."

In the currency market, the Pakistani rupee ended weaker at 95.50/95.70 compared to Wednesday's close of 95.43/95.63 to the dollar.

Overnight rates in the money market remained flat at 9.90. (Reporting By Katharine Houreld)



blog comments powered by Disqus
most popular on facebook
talking point on sify news