KARACHI: Pakistan’s stocks closed higher in lackluster trade as investors trimmed their positions in the banking sector, dealers said.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.09 percent, or 17.03 points, higher at 18,653.06 points.
Bank Islami Pakistan Ltd. fell 5.41 percent to 6.30 rupees while Muslim Commercial Bank was down 1.32 percent to 195 rupees.
In the currency market, the rupee ended weaker at 98.37/98.42 against the dollar, compared to Friday’s close of 98.30/98.35.
Overnight rates in the money market remained flat at 9.40 percent.
Pakistan stocks close higher, rupee weakens
