Karachi: Pakistani stocks closed to a new high—at 17,242.74—on Thursday mainly due to the banking sector.
The cement sector also drew strong interest with some investors buying on results and some taking profits.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.22 percent, or 37.47 points, higher at 17,242.74.
In the currency market, the rupee ended weaker at 97.70/97.76 against the dollar, compared to Wednesday’s close of 97.64/97.69.
Overnight rates in the money market fell to 6.50 percent compared to Wednesday’s close of 9.40 percent.