Inside Financial Markets

KSE-100 gains another 290 points

kse22700KSE-100 gains another 290 points

KARACHI: Pakistan’s stock exchange closed higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange up 1.28 percent or 290.19 points at 23,037.32.

The rise was mainly led by Engro Corporation Ltd, dealers said.

Pakistan State Oil Co Ltd rose 0.86 percent to 340.50 rupees while Oil and Gas Development Co Ltd was up 0.91 percent to 239.69 rupees.

The rupee ended weaker at 100.10/100.15 against the dollar, compared with Wednesday’s close of 100.01/100.06.

Overnight rates in the money market fell to 8.25 percent form Wednesday’s close of 9 percent. Thursday was a bank holiday.


Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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