KSE 100-share index ends 7-month high

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.76 percent, or 93.20 points, to end at 12,404.24 points, its highest close since July 22.

Turnover climbed to 205.56 million shares, compared with172.08 million shares traded on Wednesday.

Stocks ended close to a seven-month high on Thursday led by the fertilizer sector after Engro Corp announced a higher than expected full year result.

Engro Corp announced a 19 percent increase in its net profit for 2011 at 8.1 billion rupees ($89.31 million), compared with a net profit of 6.8 billion rupees in 2010.

It also announced a final cash dividend of 2 rupees per share which brought the cumulative dividend for year ending Dec.31 at 6 rupees per shares. (Reuters)