Stocks at KSE close on positive note

By AFP
December 22, 2011

KARACHI: Share prices at Karachi Stock Exchange on Thursday ended higher led by the fertiliser sector after Engro Corporation...

KARACHI: Share prices at Karachi Stock Exchange (KSE) on Thursday ended higher led by the fertiliser sector after Engro Corporation increased its urea price.

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.33 percent, or 37.55 points, higher at 11,306.10.

"Investors preferred to take new positions in fertilizer stocks after a rupees 100 per bag increase in urea prices by Engro," said a stock dealer here at KSE.

Turnover fell to 33.2 million shares from 46.57 million traded on Wednesday.

Engro ended 4.67 percent higher at 98.61 rupees. (Reuters)

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