403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Karachi stock index edges 0.06 higher
(MENAFN- Arab News) KARACHI: Pakistani stocks closed slightly higher on Thursday although investors remained cautious ahead of next month's budget announcement and volumes were low.
The Karachi Stock Exchange 100-share index closed 19 points or 0.06 percent higher at 32617.74.
Market expectations of a rate cut at the central bank's monetary policy meeting on Saturday had little impact on trade.
The rupee ended a shade weaker at 101.85/101.91 against the dollar compared with Wednesday's close of 101.82/101.88.
Overnight rates in the money market rose to 8.00 percent from Wednesday's close of 7.50 percent.
The Karachi Stock Exchange 100-share index closed 19 points or 0.06 percent higher at 32617.74.
Market expectations of a rate cut at the central bank's monetary policy meeting on Saturday had little impact on trade.
The rupee ended a shade weaker at 101.85/101.91 against the dollar compared with Wednesday's close of 101.82/101.88.
Overnight rates in the money market rose to 8.00 percent from Wednesday's close of 7.50 percent.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Comments
No comment