KSE gains 25 points, ends at 16,243

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-shareindex ended 0.16 percent, or 25.26 points, higher at 16,243.27.

Stocks closed at another record high on Thursday amid increased trading ahead of a long weekend.

Engro Foods fell 1.28 percent, or 1.03 rupees, to 79.40 per share, while Karachi Electric rose nearly 3.56 percent, 0.20 rupees, to 5.82 per share after it announced new power generating capacity.

Intervention by the central bank in the foreign exchange market kept the dollar steady, dealers said.

In the currency market, the rupee ended at 95.90/95.95 to the dollar, compared to Wednesday's close of 95.90/96.96.

Overnight rates in the money market ended at 9.00 percent compared to Wednesday's close of 7.00 percent. (REUTERS)