KSE 100-Index goes green on fertilizers

Fertilizers buoy up KSE benchmark index
ISLAMABAD: The Karachi Stock Exchange closed up on Monday, with buying in the cement and fertiliser sectors helping the market close above 14,000 points, dealers said.

The KSE's benchmark 100-share index ended 0.76 percent, or 106.45 points, higher at 14,031.51 points on volume of 119.69 million shares, compared with Friday's close of 13,925.06.

"Led by institutional buying in cement and fertilizer stocks, the market rallied to close above the 14,000-points mark," said Samar Iqbal, a dealer at Topline Securities.

Fatima Fertilizer closed 2.94 percent higher at 24.85 Pakistani rupees, Fauji Fertilizer ended 2.15 percent higher at 112.5 rupees, and Fauji Fertilizer Bin Qasim rose 3.95 percent to 41.6 rupees.

In the cement sector, D.G. Khan Cement closed 2.29 percent higher at 43.75 rupees, and Attock Cement ended 1.88 percent higher at 79.5 rupees. (Reuters)