Pakistan stocks Exchange leads to a new record
KARACHI: Pakistan stocks Exchange leads to a new record closing high on Thursday, led by banking stocks, dealers said.
“Banking stocks performed on the day, which led the market to close at an all-time high,” said Hammad Aman, manager, equity sales at Topline Securities Pvt Ltd.
The benchmark 100-share index of the Pakistan Stock Exchange closed 0.14 per cent higher, or 55.72 points, at 39,861.60.
Habib Bank Ltd increased by 0.35pc, Habib Metropolitan Bank Ltd rose 1.67pc and United Bank Ltd gained 3.90pc,
The rupee ended stronger at 104.52/104.59 against the dollar, compared with Tuesday’s close of 104.57/104.61.
Overnight rates in the money market fell to 5.85 percent from Tuesday’s close of 5.90 percent.