Institutions prop up KSE

KARACHI: Karachi Stock Exchange (KSE) Monday ended more than 0.80 percent higher on foreign and institutional buying.

The KSE benchmark 100-share index closed 0.83 percent, or 91.81 points, higher at 11,162.39.

Volume was 74.19 million shares, compared with 53 million shares traded on Tuesday.

"Stocks closed higher at KSE on renewed institutional and foreign interest in oversold market led by blue chip fertilizer and banking sector shares," said an analyst. (Reuters)