KARACHI: Pakistan's main stock exchange closed higher on Friday, driven by traditional market leaders telecommunications and cement stocks.

The benchmark 100-share index of the Karachi Stock Exchange rising 0.33 percent, or 84.53 points, to 26,046.71.

Pakistan Telecommunication Co Ltd. rose 1.58 percent to 30.20 rupees while D.G. Khan Cement Co. Ltd. was up 2.98 percent to Rs.92.94. The rupee ended higher against the dollar to close at 105.30/105.36 compared to Thursday's close of 105.48/105.54.

Overnight rates in the money market rose to 9.50 percent from the Thursday close of 8.75 percent.