KSE 100-index ends 128 points higher to 11711
Page 1 of 1 • Share
KSE 100-index ends 128 points higher to 11711
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.11 percent, or 128.37 points, higher at11,711.40. Volume rose to 110.39 million shares, compared with 78.9million shares traded on Monday.
Stocks ended more than one percent higher amid healthy turnover on Tuesday, following foreign buying in the cement sector on hopes of healthy exports, dealers said.
"The market rallied based on renewed foreign interest, which gave confidence to local investors to step in as well," said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd.
In the currency market, the rupee firmed against the dollar amid fewer import payments, and dealers said the local unit is expected to be range-bound in the coming days because of higher remittances from overseas Pakistanis.
The rupee closed at 85.25/35 to the dollar, compared with Monday's close of 85.31/36.
In the money market, overnight rates remained at a high of 13.90 percent amid tight liquidity in the inter bank market.
Dealers said rates would likely stay high because of the end of the quarter. (Reuters )
Stocks ended more than one percent higher amid healthy turnover on Tuesday, following foreign buying in the cement sector on hopes of healthy exports, dealers said.
"The market rallied based on renewed foreign interest, which gave confidence to local investors to step in as well," said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd.
In the currency market, the rupee firmed against the dollar amid fewer import payments, and dealers said the local unit is expected to be range-bound in the coming days because of higher remittances from overseas Pakistanis.
The rupee closed at 85.25/35 to the dollar, compared with Monday's close of 85.31/36.
In the money market, overnight rates remained at a high of 13.90 percent amid tight liquidity in the inter bank market.
Dealers said rates would likely stay high because of the end of the quarter. (Reuters )
Noor Bangash- Monstars
-
Posts : 868
Join date : 2011-07-13
Age : 34
Character sheet
Experience:
(500/500)
Similar topics
» KSE 100-index ends 0.14 points higher
» KSE 100-index sheds 167 points, ends at 12,098
» KSE 100-index ends 74 points lower
» KSE 100-index ends at near 9-mth low
» KSE 100-index ends at near 9-mth low
» KSE 100-index sheds 167 points, ends at 12,098
» KSE 100-index ends 74 points lower
» KSE 100-index ends at near 9-mth low
» KSE 100-index ends at near 9-mth low
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sat May 04, 2024 11:49 am by ali001
» house disrepair claims
Thu May 02, 2024 4:29 pm by Ibad Khan Buledi
» Bounce n Bang: Physics puzzler
Thu May 02, 2024 11:39 am by ali001
» AIChatSY - AIChatbot Assistant
Wed May 01, 2024 10:48 am by ali001
» Storybook Magic App
Tue Apr 30, 2024 7:06 pm by ali001
» Flower Book Match3 Puzzle Game
Tue Apr 30, 2024 12:17 pm by ali001
» Avian Influenza Symptom in Chickens "Bird Flu H5N1 Virus" Vet learning materials, Poultry Farming
Sat Apr 27, 2024 9:57 am by Ibad Khan Buledi
» Aloha Planner - Note-Taker
Thu Apr 11, 2024 4:52 pm by ali001
» Streaming Guide Film TV Series
Tue Apr 09, 2024 9:39 pm by ali001