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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 Singapore Asia Pacific World Pakistani stocks end higher; rupee flat; o/n rates down Reuters - Wednesday, September 15 Send IM Story Print KARACHI, Sept 14 - Pakistani stocks on Tuesday rose on hopes margin trading would soon be approved following a scheduled meeting between the Securities and Exchange Commission and stock exchange authorities the next day. The Karachi Stock Exchange , benchmark 100-share index <.KSE> ended 1.91 percent, or 189.03 points, higher at 10,068.36, on turnover of 77.97 million shares. "Investors took fresh positions as they are expecting some positive outcome from tomorrow's meeting on margin trading," said Sajid Bhanji, director at brokers' Arif Habib Ltd. In the currency market, the rupee <PKR=> ended almost flat at 85.66/76 to the dollar, compared with Thursday's close of 85.65/71 to the dollar and dealers expect pressure on the local unit to continue amid higher import payments. The rupee hit a record low of 86.03 last week and has lost 0.42 percent this year, after losing 6.17 percent in 2009. In the money market, overnight rates ended lower at 10.10 percent, compared with Thursday's close of between 11.0 and 11.5 percent, and dealers expect rates to rise in the short term. Dealers said the next outflows amounting to 103 billion rupees were scheduled for Friday. Markets were closed from Friday and reopened on Tuesday because of the Muslim festival of Eid-ul-Fitr. (For more Reuters coverage of Afghanistan and Pakistan, see: http://www.reuters.com/places/pakistan) ((E-mail: sahar.ahmed@thomsonreuters.com; Reuters Messaging: sahar.ahmed.reuters.com@reuters.net; Karachi newsroom: +92-21 3568 5192)) (If you have a query or comment about this story, send an e-mail to news.feedback.asia@thomsonreuters.com) Recommend Send IM Story Print Related Articles Woolworths Ltd launches $1.25 bln 2-part sale Reuters - 24 minutes ago US-BUSINESS Summary Reuters - 25 minutes ago Dollar hits 15-year low versus yen, battered versus euro Reuters - 25 minutes ago Gold hits record as investors scramble for safety Reuters - 28 minutes ago India inflation at seven-month low AFP - 31 minutes ago News Search Top Stories Americans again increase retail buying German investor confidence sinks in September Australia's NAB terminates $12.4 bln AXA bid Miracle as 36 survive Venezuelan plane crash 'Time bomb' superbug requires global response: doctor More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'Time bomb' superbug requires global response: doctor US plans massive arms sale to Saudi to counter Iran threat Miracle as 36 survive Venezuelan plane crash Doomsday warnings of US apocalypse gain ground Non-stick cookware may boost cholesterol: study More Most Viewed » Climate: New study slashes estimate of icecap loss Earth's upper atmosphere shrinking, scientists say Tiger's ex breaks her silence on sex scandal US pastor puts Koran-burning on hold Japanese rider Tomizawa dies in San Marino Moto2 GP 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 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 Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 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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