Tuesday, November 24, 2020 8:22

Pakistani Stocks End Higher Rupee Strengthens o/n Rates Rise

Posted by on Saturday, December 14, 2013, 10:22
This news item was posted in Business category and has 0 Comments so far .

Pakistan’s main stock exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange rising 0.74 percent, or 184.69 points, to 25,256.69.

The rise was mainly due to Pakistan securing the long awaited duty-free access to European markets, dealers said.

Engro Corporation Ltd rose 2.49 percent to 165.99 rupees while Engro Foods Ltd was up 5.00 percent at 105.47 rupees. The rupee ended at 107.15/107.20 against the dollar, compared to Thursday’s close of 107.23/107.28. Overnight rates in the money market rose to 10.00 percent from Thursday’s close of 9.50 percent.

Currency Rate

Currency Rate

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