Stocks end up; rupee weakens

By AFP
July 25, 2012

KARACHI: Pakistan's main stock market closed up on Wednesday after the country's Supreme Court adjourned a case that could...

KARACHI: Pakistan's main stock market closed up on Wednesday after the country's Supreme Court adjourned a case that could threaten the country's prime minister with disqualification, analysts said.

The Karachi Stock Exchange benchmark 100-share index gained 52.61 points, or 0.36 percent, to close at 14,564.68 points on volume of 43.49 million shares.

In the currency market, the rupee weakened to close at 94.58/63 to the dollar, compared with 94.43/49 on Tuesday. Overnight rates in the money market remained unchanged at 11.90 percent.

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