KSE 100-index ends near 4-yr high

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-shareindex rose 0.68 percent, or 90.40 points, to end at 13,451.07 points, its highest close since May 22, 2008.

Volume was 336.91 million shares, compared with 347.21million shares traded on Wednesday.

Stocks ended on its highest close since May 2008 on Thursday, buoyed by middle tier shares and hopes of progress on capital gains tax (CGT) reforms, dealers said.

"Accumulation continued in stocks, led by second and third tier scrips, ahead of reformed CGT regime implementation," said director at Arif Habib Investments. (Reuters)