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Wednesday 10 October 2012

KSE 100-share index gains 65 points


KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.42 percent, or 65.58 points, higher at 15,753.82 on total volume of 132.83 million shares.
Stocks closed higher on Wednesday with increased buying in major markets, dealers said.
"The market was a bit volatile today. It closed higher because of buying interest in fast moving consumer goods and financials," said a dealer.
In the currency market, the Pakistani rupee ended stronger at 95.43/95.63 compared to Tuesday's close of95.50/95.56 to the dollar.
Overnight rates in the money market ended higher at 9.90percent compared to Tuesday's 50 percent.

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