Pakistan stocks end higher, rupee steady, o/n rate fall

KARACHI: Pakistan's main stock exchange closed higher on Wednesday, led by banking and cement stocks.
The benchmark 100-share index of the Karachi Stock Exchange rose 0.39 per cent or 92.95 points to 23,776.22.The National Bank of Pakistan closed at its upper cap after rising 4.99 per cent to 60.01 rupees. The Muslim Commercial Bank Ltd was up 2.26 per cent at 282.60 rupees.The rupee ended steady at 100.66/100.71 against the dollar, compared to Tuesday's close of 100.66/100.70.Overnight rates on the money market fell to 7 percent from Tuesday's close of 7.50 per cent.