KARACHI: Pakistani stocks ended higher on Friday, with the benchmark 100-share index of the Karachi Stock Exchange up 0.90 percent, or 293.31 points, to close at 33,056.79.

The rupee closed weaker at 101.93/101.98 against the dollar compared with Thursday’s 101.90/101.95. Overnight rates in the money market remained flat at 6.50 percent.

Investors continued their buying spree in the cement sector on the back of proposed higher development spending in 2015/16.

Among the main movers, Muslim Commercial Bank rose 5 percent to 268.73 rupees, while Fauji Cement Co. was up 1.68 percent at 33.85 rupees.