Inside Financial Markets

Karachi Stock market edges up, rupee steady, o/n fall

kse newsKarachi Stock market edges up, rupee steady, o/n fall

KARACHI: The benchmark 100-share index of Pakistan’s Karachi Stock Exchange closed 0.3 per cent higher on Tuesday led by recoveries in major oil companies.

The index rose 62.26 points to 21,110.34.

Oil and Gas Development Co Ltd rose 2.4 per cent to 234.80 rupees, while Pakistan State Oil Co Ltd was up 5 per cent to 321.16 rupees.

The rupee ended steady at 98.87/98.93 against the dollar, compared to Monday’s close of 98.86/98.92.

Overnight rates in the money market fell to 8.75 per cent from Monday’s close of 9 per cent.


Ali Nawaz

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)