Monday, November 15, 2010, Zulhaj 08, 1431 A.H  
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 GEO Business

 Int値 oil prices fuel investment in Pak stocks

 Updated at: 2153 PST,  Monday, November 15, 2010
Int値 oil prices fuel investment in Pak stocks KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended higher on Monday following a rise in international oil prices but the upcoming Eid holiday meant thin trade as most most investors stayed on the sidelines, dealers said.

Markets will remain closed from Wednesday till Monday.

The Karachi Stock Exchange's benchmark 100-share index ended 0.33 percent, or 35.63 points, higher at 10,909.65.

Volume fell to 64.71 million shares, compared with 97.52million traded on Friday.

Positive sentiment prevailed throughout the trading session with thin volumes on institutional buying and foreign interest in oil and power sector scrips, dealers said.

U.S. crude for December delivery rose 20 cents to$85.08 a barrel at 0712 GMT.

The energy sector has the heaviest weightage on the KSE-index.
 
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