Khi stocks buck the trend

KARACHI: The Karachi Stock Exchange (KSE) Monday ended higher following a recovery in regional markets and as bargain hunters accumulated stocks at lower levels on attractive prices after falling to its lowest close since November last year on Friday.

The KSE benchmark 100-share index closed 0.13 percent, or 14.33 points, higher at 10,894.15.

Volume was at 35.73 million shares, compared with 41.01 million shares traded on Friday.

"In line with regional markets, which recovered in hope that the Fed chairman may hint at more stimulus to boost fragile global economy, local stocks also stabilized," said Samar Iqbal, a dealer at Topline Securities Ltd.

Foreign investors sold shares worth $5.63 million last week. (Reuters)

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