| GEO Business|
| Stocks end up|
| Updated at: 1946 PST, Tuesday, May 18, 2010|
KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-share index ended higher on Tuesday after falling to a near two-month low the previous day as investors accumulated cheap shares at lower levels, dealers said.
KSE rose 0.48 percent, or 48.28 points, to end at 10,082.04 on turnover of 84.85 million shares.
"Investors, both local and foreign, bought shares at lower levels as they reached attractive levels," said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd.
The KSE-index fell 2.32 percent to 10,033.76 on Monday, a near two-month low, because of declining international oil prices and falls in world markets.
Dealers said local investors were also encouraged on Tuesday by net buying by foreign investors the previous day, despite a global sell-off on worry about the euro zone.
According to official data, the net inflow of foreign portfolio investment in the stock market was $476,165 on Monday.
In the currency market, the rupee eased against the dollar amid higher demand for the U.S. currency from oil importers.