Updated at: 1830 PST, Wednesday, January 26, 2011
 KARACHI: Share prices at local capital market ended up on Wednesday as investors bought fertiliser and energy stocks on hopes of healthy profits, but volume was low ahead of this week's monetary policy announcement by the State Bank of Pakistan.
The Karachi Stock Exchange's benchmark 100-share index ended 0.22 percent, or 27.59 points, higher at 12,483.34on turnover of 139.31 million shares.
"There was interest in the oil and fertiliser sectors but there are concerns about the outcome of the monetary policy announcement," a dealer at KSE said.
The monetary policy is scheduled for Saturday, in which eight out of 10 analysts polled by Reuters expect the central bank to increase its key policy rate by at least 50 basis points, to 14.5 percent, to combat double-digit inflation.
In the last announcement in November, the central bank hiked the key policy rate by 50 basis points, to 14 percent. |
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