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    <title>Business Recorder - Markets</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Thu, 13 Aug 2026 10:10:15 +0500</pubDate>
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      <title>KSE end up; rupee weakens; o/n rates flat</title>
      <link>https://www.brecorder.com/news/9088/kse-end-up-rupee-weakens-on-rates-flat</link>
      <description>&lt;p class="MsoNormal"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/KSE_400.jpg" width="400" height="267" /&gt;KARACHI: Karachi Stock Exchange (KSE) ended up on Monday as investors bought fertiliser stocks on expectations of strong corporate earnings, dealers said.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;KSE benchmark 100-share index ended 0.26 percent, or 30.11 points, higher at 11,583.03.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Volume rose to 78.9 million shares, compared with 66.39 million shares traded on Friday.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;"Fertiliser stocks remained in the limelight because of expectations of higher than expected earnings on the back of higher urea prices," said Samar Iqbal, a dealer at Topline Securities Ltd.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Fauji Bin Qasim, volume leader, ended 3.17 percent up at 41.30 rupees and Fauji Fertiliser rose 2.57 percent to 132.75 rupees.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;In the currency market, the rupee weakened versus the dollar amid higher import payments, but dealers said the local unit is expected to be range-bound in coming days because of higher remittances from overseas Pakistanis.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;The rupee closed at 85.31/36 to the dollar, compared with Friday's close of 84.95/85.05.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;In the money market, overnight rates stayed unchanged at the top level of 13.90 percent in tight liquidity despite a reverse repo in which the central bank bought back 35 billion rupees ($412 million).&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Dealers said rates are likely to remain at the top level as it was quarter end.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;&lt;Center /&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/b&gt;&lt;/i&gt;&lt;br /&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/KSE_400.jpg" width="400" height="267" />KARACHI: Karachi Stock Exchange (KSE) ended up on Monday as investors bought fertiliser stocks on expectations of strong corporate earnings, dealers said.</p>
<p class="MsoNormal">KSE benchmark 100-share index ended 0.26 percent, or 30.11 points, higher at 11,583.03.</p>
<p class="MsoNormal">Volume rose to 78.9 million shares, compared with 66.39 million shares traded on Friday.</p>
<p class="MsoNormal">"Fertiliser stocks remained in the limelight because of expectations of higher than expected earnings on the back of higher urea prices," said Samar Iqbal, a dealer at Topline Securities Ltd.</p>
<p class="MsoNormal">Fauji Bin Qasim, volume leader, ended 3.17 percent up at 41.30 rupees and Fauji Fertiliser rose 2.57 percent to 132.75 rupees.</p>
<p class="MsoNormal">In the currency market, the rupee weakened versus the dollar amid higher import payments, but dealers said the local unit is expected to be range-bound in coming days because of higher remittances from overseas Pakistanis.</p>
<p class="MsoNormal">The rupee closed at 85.31/36 to the dollar, compared with Friday's close of 84.95/85.05.</p>
<p class="MsoNormal">In the money market, overnight rates stayed unchanged at the top level of 13.90 percent in tight liquidity despite a reverse repo in which the central bank bought back 35 billion rupees ($412 million).</p>
<p class="MsoNormal">Dealers said rates are likely to remain at the top level as it was quarter end.</p>
<p class="MsoNormal"><Center /><b><i>Copyright Reuters, 2011</b></i><br /></center></p>
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      <category>Markets</category>
      <guid>https://www.brecorder.com/news/9088</guid>
      <pubDate>Mon, 28 Mar 2011 14:01:38 +0500</pubDate>
      <author>none@none.com (Imad Uddin)</author>
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