InfoAnda - Pakistani stocks end up; rupee flat; o/n rates down

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World Pakistani stocks end up; rupee flat; o/n rates down Reuters - Friday, March 4 Send IM Story Print KARACHI, March 3 - Pakistani stocks ended higher on Thursday as investors accumulated shares in the banking and fertiliser sectors, in anticipation of the launch of a margin trading system on Saturday, dealers said. The Karachi Stock Exchange's benchmark 100-share index ended 0.54 percent, or 62.84 points, higher at 11,762 points. Turnover rose to 162.44 million shares, compared with 143.3 million shares traded on Wednesday. "Bullish activity continued throughout the trading session, with rising volume ahead of the launch of the MTS," said Ahsan Mehanti, director at Arif Habib Investments Ltd. The Finance Minister, Hafeez Shaikh, is expected to visit the KSE on Saturday for the launch ceremony of the MTS, according to a statement by the KSE. In the currency market, the rupee ended almost flat at 85.55/59 to the dollar, compared from Wednesday's close of 85.54/59 but dealers expect pressure on the local unit because of rising international oil prices. In the money market, overnight rates ended at 12.50 percent, compared with Wednesday's close of between 12.60 percent and 12.90 percent, and dealers expect rates to be on the higher side in the coming days. (For more Reuters coverage of Pakistan, see: http://www.reuters.com/places/pakistan) (If you have a query or comment about this story, send an e-mail to news.feedback.asia@thomsonreuters.com) (E-mail: sahar.ahmed@thomsonreuters.com; Reuters Messaging: sahar.ahmed@thomsonreuters.com; Karachi newsroom: +92-21 3568 5192) Recommend Send IM Story Print Related Articles US-BUSINESS Summary Reuters - 22 minutes ago Data points to strengthening growth, jobs Reuters - 23 minutes ago TEXT-NZ's Fletcher Building cuts profit forecast on quake Reuters - 26 minutes ago FOREX-Euro jumps as Trichet signals April rate hike Reuters - 27 minutes ago Obama, Calderon make progress on trucking dispute Reuters - 29 minutes ago News Search Top Stories Germany probes 'terror' attack at airport No evidence yet of spying at Renault: French police Libya live report ECB shocks markets with signal of interest rate hike World's sixth mass extinction may be underway -- study More Top Stories » ADVERTISEMENT Most Popular Most Viewed On the nose: Sharks are stunning navigators Two US airmen shot dead at German airport Kadhafi warns of bloodbath if West intervenes Manchester City, Arsenal advance to FA Cup quarters Libya live report More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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