KARACHI: Pakistan stocks closed higher on Tuesday but gains were limited as investors chose to take profits, concerned about the rupee hitting a record low against the dollar, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.29 per cent, or 40.34 points, to 14,071.l85 points on volume of 120.87 million shares, compared to Monday’s close of 14,031.51.

The KSE hit a high of 14,168.49 points during the day.

“Investors preferred to book gains at upper levels after realising that the local currency is posting record lows,” said Samar Iqbal, a dealer at Topline Securities.