KSE-100 Rises 355 Points; Rupee Ends Steady

KSE rises

KARACHI: Pakistan’s main stock exchange closed higher on Thursday, with the benchmark 100 share index of the Karachi Stock Exchange rising 1.45 per cent, or 355.31 points, to 24,800.69.

Led by institutional buying, the market gained 355 points, enabling it to close at yet another high of 24,801 level. 

The Fauji Cement Ltd rose 4.55 per cent to 14.03rupees while Nishat Mills Ltd was up 2.08 per cent at 115.83 rupees.

The rupee ended steady at 108.50/108.56 against the dollar, compared to Wednesday’s close of 108.50/108.56.

Overnight rates in the money market remained flat at 10.00 per cent.