Updated at: 1711 PST, Monday, October 18, 2010
KARACHI: The benchmark KSE 100-share Index at Karachi Stock Exchange (KSE) ended on a two-and-a-half month high on Monday amid expectations of strong corporate results, despite increased violence over the weekend in the country's financial hub, dealers said.
At least 33 people were killed in weekend attacks in Karachi, which led the Muttahida Qaumi Movement (MQM) to threaten to pull out of the coalition government of President Asif Ali Zardari, raising fears of instability.
The Karachi Stock Exchange's benchmark 100-share index ended 0.50 percent, or 52.55 points, higher at10,484.39, its highest close since July 30.
Turnover was 103.15 million shares, compared with 112.61million shares traded on Friday.
Market sentiment remained positive throughout the session ahead of major earnings announcement this week.
Pakistan Petroleum Ltd is due to announce its results for quarter ended Sept. 30 on Tuesday, and Pakistan State Oil will announce its results on Thursday. |
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