KSE-100 Index surges to 12560 points

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GMT - 3 Hours KSE-100 Index surges to 12560 points

Post by εﺓз• » ιη∂αġι яσ¢χ « • on Wed Sep 14, 2011 1:21 pm

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ISLAMABAD: Share prices at Karachi Stock Exchange (KSE) ended on a five-a-half-month high on Monday led by institutional buying in National Bank of Pakistan (NBP) on expectations of healthy corporate earnings, dealers said.

The Karachi Stock Exchange's benchmark 100-share index ended 0.61 percent, or 76.11 points, higher at 12,560.28,on turnover of only 57.26 million shares.

"The KSE-index closed on a more than five-month high and renewed interest was seen in NBP which closed at its upper circuit," said Samar Iqbal, a dealer at Topline Securities Ltd.

NBP ended five percent higher at 53.37 rupees and corporate results for the year ending June 30 are due to be announced in the coming weeks.

However volume remained thin on the local bourse and has generally been low in 2011/11 fiscal year which ended on June30. Average daily volumes during the year fell to a nine-year low, analysts said. (Reuters)
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