Summary The rupee ended higher at 101.00/101.10 against the dollar.
KARACHI: Pakistan s main stock exchange closed higher on Monday, with the benchmark 100-share index of the Karachi Stock Exchange rising 1.06 per cent, or 284.03 points to 27,176.26.
On the back of continued buying interest in blue chip stocks by local institutions and the appreciation of the Pakistani rupee, the local bourse kept on rallying, closing at a historic high of 27,176 points.
Oil stocks remained in the limelight where Pakistan State Oil closed 5 per cent up, dealer Samar Iqbal at Topline Securities said.
Engro Foods Ltd rose 5 per cent to 112.21 rupees while Pakistan State Oil Co Ltd was up 5 per cent to 412.23 rupees.
The rupee ended higher at 101.00/101.10 against the dollar compared to Friday s close of 102.85/102.95.
Overnight rates in the money market rose to 10.00 per cent from Friday s close of 9.90 per cent.
