NAWAIWAQT GROUP
 
 
 
Pakistani stocks end lower; rupee steady
 
 
 
Pakistani stocks end lower; rupee steady

Karachi- Pakistan's main stock exchange closed lower on Friday, with the benchmark 100-share index of the Karachi Stock Exchange fell 0.06 percent, or 16.48 points, to 28,494.54.


Market witnessed a ranged bound session with low volumes as investors preferred to stay sidelines ahead of a political party's rally. In spite of Government released some amount to Pakistan State Oil on account of circular debt, stock failed to perform due to weak sentiments, said dealer Samar Iqbal at Topline Securities. JS Bank Ltd rose 3.95 percent to 6.31 rupees and Pakistan State Oil Co Ltd was down 0.62 percent to 387.25 rupees. The rupee ended at 98.50/98.55 against the dollar compared to Thursday's close of 98.52/98.57. Overnight rates in the money market rose to 10.00 percent from Thursday'close of 7.50 percent. 

 
 
 
 
more in Business

ISLAMABAD - After reaching peak levels in last more than one year, the pace of soaring infla...

KARACHI : Dollar took strength in money market against rupee on Monday, it was traded at hig...

September 02, 2014
 
Comments
comments powered by Disqus
 
 
NAWAIWAQT GROUP