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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 firms; o/n rates flat Reuters - Thursday, March 3 Send IM Story Print KARACHI, March 2 - Pakistani stocks ended higher on Wednesday as investors accumulated shares in anticipation of the launch of a margin trading system in the coming days, dealers said. The Karachi Stock Exchange's benchmark 100-share index ended 0.78 percent, or 90.73 points, higher at 11,699.16. Turnover fell to 143.3 million shares, compared with 153 million shares traded on Tuesday. "Bullish sentiment continued to prevail at the KSE amid better corporate earnings and the expected launching of the MTS," said Mohammed Sohail, chief executive of Topline Securities Ltd. The National Bank of Pakistan <NBPK.KA> announced on March 1, a full year net profit for 2010 of 17.56 billion rupees , and a cash dividend of 7.5 rupees per share. The NBP ended 4.99 percent higher at 75.16 rupees. In the currency market, the rupee ended at 85.54/59 to the dollar, strengthening from Tuesday's close of 85.67/71, but dealers expect pressure on the local unit because of rising international oil prices. In the money market, overnight rates ended almost flat at between 12.60 percent and 12.90 percent, compared with the previous day's close of between 12.50 percent and 13 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 GLOBAL MARKETS-Oil, gold rise on Libya; U.S. stocks up on Fed Reuters - 21 minutes ago US-BUSINESS Summary Reuters - 27 minutes ago Gold mine group opposes planned U.S. disclosure rule Reuters - 27 minutes ago Deals of the day -- mergers and acquisitions Reuters - 35 minutes ago Instant View: Apple CEO Jobs takes stage at iPad event Reuters - 37 minutes ago News Search Top Stories Libya: live report Two US airmen shot dead at German airport Expressionism meets fashion on day two of Paris shows Kadhafi warns of bloodbath if West intervenes US growth 'modest to moderate': Fed More Top Stories » ADVERTISEMENT Most Popular Most Viewed Gold hits new record Libya: live report On the nose: Sharks are stunning navigators Global warming means more snowstorms: scientists 'Celebrity' WWI survivor to mark 110th birthday 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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