KSE 100-share index ends higher

KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.36 percent, or 60.30 points, higher at 16,648.84.

Stocks closed higher on Friday amid renewed buying interest in banking stocks.

Byco Petroleum was up 3.14 percent to 13.80 per share and United Bank Ltd rose 0.84 percent to 82.50per share.

Fauji Bin Qasim fell 0.23 percent to 38.50 per share while D.G. Khan Cement was down 0.3 percent to52.85 per share.

In the currency market, the rupee ended weaker at 97.42/97.47 against the dollar, compared to Thursday's close of 97.35/97.40.

Overnight rates in the money market rose, ending at 9.25percent compared to Thursday's close of 6.75 percent. (REUTERS)