KARACHI, Jan 3 (Reuters): Pakistani stocks ended higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange closing up 0.70 per cent, or 227.81 points, at 32,731.61.
Local financial institutes were the main investors amid hopes that political parties would reach an agreement on military courts to try militant suspects, said Samar Iqbal, a dealer with Topline Securities.
Engro Foods Ltd rose 4.11 per cent to 118.16 rupees, while Engro Corporation Ltd ended up 1.56 per cent at 236 rupees.
The rupee closed weaker at 100.77/100.82 against the dollar, compared with the previous close of 100.50/100.55.
Overnight rates in the money market fell to 9.25 per cent from the previous close of 9.50 per cent
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Local financial institutes were the main investors amid hopes that political parties would reach an agreement on military courts to try militant suspects, said Samar Iqbal, a dealer with Topline Securities.
Engro Foods Ltd rose 4.11 per cent to 118.16 rupees, while Engro Corporation Ltd ended up 1.56 per cent at 236 rupees.
The rupee closed weaker at 100.77/100.82 against the dollar, compared with the previous close of 100.50/100.55.
Overnight rates in the money market fell to 9.25 per cent from the previous close of 9.50 per cent
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