| Updated at: 2043 PST, Thursday, January 06, 2011|
KARACHI: Stocks at Karachi Stock Exchange (KSE) ended at more than a 29-month high on Thursday as investors bought energy shares on hopes of healthy earnings and because of an increasein international oil prices, dealers said.
The Karachi Stock Exchange's benchmark 100-share index ended 1.50 percent, or 182.63 points, up at 12,323.47,its highest close since June 2008, on turnover of 144.28million shares.
“The oil and exploration sector was in the limelight today as international oil prices are at $90 per barrel and investors are expecting strong corporate results," a dealer said.
Corporate results for the quarter which ended Dec. 31 are due to be announced in the coming weeks.
Global oil prices held above $90 on Thursday after touching a 27-month high of $92.58 on the first trading day of the year.