STOCKS
Karachi Stocks Up 11.93 Points:
KARACHI, Feb 04: At the close of trading, the KSE-100 index was at 17278.16, up 11.93 points.
KARACHI, Feb 04: At the close of trading, the KSE-100 index was at 17278.16, up 11.93 points.
(Today Market is 81.02
Up@ 11.16 am)
5 TOP GAINERS & LOOSERS:
|
Bata (Pak)
|
Rs 15.01
|
Nestle Pakistan Ltd.
|
Rs (258.50)
|
|
Fazal Textile
|
Rs 13.51
|
Indus Dyeing
|
Rs (31.40)
|
|
Exide (PAK)
|
Rs 11.54
|
Wyeth Pak Limited
|
Rs (15.00)
|
|
Atlas Honda Ltd
|
Rs 7.88
|
Millat Tractors Ltd.
|
Rs (9.84)
|
|
Philip Morris Pak.
|
Rs 7.84
|
Siemens Pakistan XD
|
Rs (4.56)
|
KSE closes higher, rupee weakens
KARACHI: Pakistan's stock market
closed higher on Monday, with the telecommunications sector taking the lead as
investors predicted earnings would be stronger than expected, traders said.
The Karachi Stock Exchange's (KSE) benchmark 100-share index
ended 0.13 percent, or 21.84 points, higher at 17,288.07.
"(The) Telecom sector remained in the limelight as
investors expect December quarter earnings will be better due to an increase in
international call rates," said a dealer.
Telecard rose 24.38 percent to 4.54 rupees.
Pakistan Telecommunication Corporation rose 5.21 percent to
19.40 rupees.
In the currency market, the rupee ended weaker at
97.73/97.79 against the dollar, compared to Friday's close of 97.70/97.75.
Overnight rates in the money market remained flat at nine
percent. (Reuters)
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