Mar 27

KSE 100-share index gains 163 points

karachi StockKARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.23 percent, or 163 points, higher at 13,449.73 points. Volume fell to 166 million shares, compared with 278 million traded on Monday.

Stocks ended more than 1.2 percent higher on Tuesday led by the cement sector, but volume was dull as investors preferred to stay on the sidelines following violence in Karachi, the country’s financial hub, dealers said.

“Concerns about law and order in the city affected the sentiment at the market today,” said director at Arif Habib Corp.

“Investors looked keen to invest in the cement sector due to expectations of good earnings this year,” said a dealer at Topline Securities. (Reuters)