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Karachi Stocks Closed Higher on Friday

Pakistan / Business News > Stocks closed higher on Friday led by selected bluechip stocks in textile, oil, cement and banking.

Karachi Stocks Closed Higher on Friday

Consolidation continued amid hopes for further cut in the State bank of Pakistan policy rate amid falling inflation.


Investors also bet on the resumption of gas supplies to the fertilizer sector, a trader said.


The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.34 percent, or 54.67 points, higher at 16,197.74.


Fauji Cement fell 1.46 percent, or 0.1 rupees, to 6.73 per share, while Byco Petroleum was down 2.58 percent, or 0.25 rupees, to 9.45 per share. (Reuters)

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