KARACHI Nov 19 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
Overnight rates in the money market ended at 9.25 percent
compared to Friday's close of 9 percent.
(Compiled by the Karachi newsroom)