KARACHI: Pakistani stocks closed higher due to emerging clarity and optimism about timely elections on May 11.
Fauji Fertilizer continued to rally after its result announcement while investors remained skeptical about Engro Corporation due to problems of gas supply, dealers said.
The Karachi Stock Exchange’s (KSE) benchmark 100-share index ended 0.27 percent, or 52.11 points, higher at 19,034.53 points.
Fauji Cement Company Ltd. rose 3.05 percent to 9.13 rupees
In the currency market, the rupee ended at 98.34/98.40 against the dollar, stronger than Wednesday’s close of 98.39/98.44.
Overnight rates in the money market remained flat at 9 percent.
Pakistan stocks close higher, rupee strengthens
