Friday, November 8, 2013

Stocks close higher; decrease in rupee; o/n rates fall

Pakistan News
Karachi: Pakistan's fundamental stock trade shut higher on Friday, with the benchmark 100-portion record of the Karachi Stock Exchange climbing 0.63 for every penny, or 146.94 focuses, to 23,367.15. The business sector pressed on to rally as substantial weights Oil and Gas Development Company and Muslim Commercial Bank backed the list with
25 focuses out of 147 focuses. Replenished purchasing was seen in Pakistan State Oil and Engro Corp likewise picked up however neighborhood moguls want to stay on the sidelines because of approaching Muharram occasions, merchants said. Engro Corporation Ltd rose 3.54 for every penny to 137.95 rupees while Pakistan State Oil Co Ltd was up 1.29 for every penny at 296.01 rupees. The rupee finished weaker at 107.32/107.37 against the dollar, contrasted and Thursday's close of 107.22/107.28. Overnight rates in the currency advertise tumbled to 9.00 percent from Thursday's close of 9.50 for every cent.

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