Rupee Weakens at Pakistani stocks

Karachi: Pakistan’s main stock exchange closed higher on Tuesday, with the benchmark 100 share index of the Karachi Stock Exchange rising 0.77 per cent, or 186.90 points, to 24,588.47.

Momentum at the bourse continued as benchmark index closed at yet another high of 24,588 with impressive market participation.

The rupee ended weaker at 108.57/108.63 against the dollar, compared with Monday’s close of 108.48/108.54.

Overnight rates in the money market remained flat at 10.00 per cent.