Devil Soul
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Pakistan stock market continues upward trend
Reuters |
KARACHI: Pakistans stock market closed higher on Tuesday in a rally led by the banking sector, traders said.
The Karachi Stock Exchanges (KSE) benchmark 100-share index ended 0.36 percent, or 62.86 points, higher at 17,611.40.
National Bank of Pakistan climbed by 4.29 percent to 53.51 rupees and Muslim Commercial Bank gained 1.13 percent to hit 213.49 rupees.
In the currency market, the rupee ended weaker at 98.06/98.11 against the dollar, compared to Mondays close of 97.96/98.01. The rupee had come under pressure after Pakistan made a $145 million payment to the IMF, dealers said.
Overnight rates in the money market rose to 9.40 percent compared to Mondays close of 9.25 percent.
Reuters |
KARACHI: Pakistans stock market closed higher on Tuesday in a rally led by the banking sector, traders said.
The Karachi Stock Exchanges (KSE) benchmark 100-share index ended 0.36 percent, or 62.86 points, higher at 17,611.40.
National Bank of Pakistan climbed by 4.29 percent to 53.51 rupees and Muslim Commercial Bank gained 1.13 percent to hit 213.49 rupees.
In the currency market, the rupee ended weaker at 98.06/98.11 against the dollar, compared to Mondays close of 97.96/98.01. The rupee had come under pressure after Pakistan made a $145 million payment to the IMF, dealers said.
Overnight rates in the money market rose to 9.40 percent compared to Mondays close of 9.25 percent.
