UPDATE 1-Pakistani o/n rates ease; rupee firms; stocks down

(Updates with stocks end lower)

KARACHI Jan 21 (Reuters) - Pakistan's short-term money rates ended lower on Thursday because of cash inflows in the interbank market but dealers said they expected rates to rise in coming days as no more inflows were scheduled.

Overnight call rates ended at 9.50 percent, down from Wednesday's close of 12.25 percent.

"There were some inflows today which is why we saw rates ease to the floor," said a brokerage dealer.

Dealers said there was an outflow of about 135 billion rupees on Saturday.

In the currency market, the rupee ended firmer at 84.47/55 to the dollar compared with the previous day's close of 84.65/70 as payment pressure eased.

Dealers said dollar inflows from remittances from overseas Pakistanis had also helped steady the rupee slightly in recent days.

According to official data released last week, remittances rose more than 24 percent to $4.531 billion in the first six months of the (July-June) financial year.

The rupee hit a record low of 84.90 to the dollar last week.

Stocks ended lower as dealers said the market faced resistance as the index approached the 10,000-point barrier.

The Karachi Stock Exchange's benchmark 100-share index .KSE ended 1.52 percent, or 150.90 points, lower at 9,753.84 on turnover of 167.34 million shares.

"This correction was much needed as the market tried to breach the psychological barrier of 10,000 points," said Sajid Bhanji, a dealer at Arif Habib Ltd.

Dealers said there was also selling pressure because of political uncertainty in connection with the Supreme Court's rejection of an amnesty that had protected President Asif Ali Zardari and some of his top aides from old corruption charges. (Reporting by Sahar Ahmed; Editing by Robert Birsel) (For more Reuters coverage of Afghanistan and Pakistan, see: here)