| Updated at: 2221 PST, Thursday, December 02, 2010|
KARACHI: Foreign buying at Karachi Stock Exchange (KSE) pushed the benchmark KSE 100-share Index up by one percent to end near a 29-month high on Thursday.
The Karachi Stock Exchange's benchmark 100-share index ended 1.08 percent, or 121.74 points, higher at 11,343.55, its highest close since July 2008.
Turnover was 134.8 million shares, compared to 157.97million shares traded on Wednesday.
Local investor sentiment has become positive after foreign buying especially in the oil stocks, a dealer said.
Global oil prices inched up on Thursday close to three-week highs of $87 per barrel. The energy sector is the heaviest weighted on the market and Pakistan Oilfields ended 2.25 percent higher at 273.40 rupees.