Pakistan stocks settle at record high, rupee weakens

KARACHI Mon Nov 19, 2012 5:45pm IST

Stocks

   

KARACHI Nov 19 (Reuters) - Pakistani stocks rose above 16,250 points to settle at a record high on Monday, supported by a jump in shares of domestic cement companies, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.33 percent, or 53.64 points, higher at 16,251.38. That was the highest ever settlement and within striking distance of the market's peak of 16,292.45 points, reached during intra-day trading on Nov. 12.

Maple Leaf Cement rose 8.31 percent, or 1 rupee, to 13.04 per share, while Fauji Cement was up 1.93 percent, or 0.13 rupees, to 6.87 per share.

In the currency market, the Pakistani rupee weakened, closing at 96.01/96.06 to the dollar, compared to Friday's close of 95.88/95.94.

Overnight rates in the money market ended at 9.25 percent compared to Friday's close of 9 percent. (Compiled by the Karachi newsroom)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Drug Pricing

REUTERS SHOWCASE

 G20 Meet

G20 Meet

As G20 chases growth goal, members differ on how to get there   Full Article 

Modi Speaks

Modi Speaks

PM Modi says al Qaeda will fail in India - CNN.  Full Article 

Alibaba Listing

Alibaba Listing

Alibaba surges on massive demand in trading debut  Full Article 

Importing Rice

Importing Rice

Top rice exporter India importing over 100,000 T on temporary supply squeeze.  Full Article 

GSK Fined

GSK Fined

China hands drugmaker GSK record $489 mln fine, sentences executives.  Full Article 

HMT in Demand

HMT in Demand

Fans rush to HMT as watchmaker marks time.  Full Article 

Apple Not Cool?

Apple Not Cool?

Some consumers say Apple is losing its "cool" factor  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage