KSE marches ahead, gains 29 points

KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended up and volume remained at a six-year high on Monday, led by foreign buying in mid-cap financial stocks including NIB Bank and Jahangir Siddiqui, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-shareindex rose 0.22 percent, or 29.80 points, higher at 13,382.54 points.

Turnover rose to 576.82 million shares, its highest since 2006. Volume on Friday was 552.79 million shares.

"Investors preferred to invest in low-priced stocks as volumes remained at a record six-year high," said a stock dealer.

NIB Bank, the volume leader, ended 8.07 percent higher at3.08 rupees, and Jahangir Siddiqui gained 7.16 percent to end at14.96 rupees. (Reuters)