Pakistan stocks track a spike in regional markets

KARACHI: Led by Engro Foods and Lucky Cement, Karachi Stock Exchange closed higher on Monday to finish at 22,838.84 points.

By the time the closing bell rang, the benchmark 100-share index was up by 0.32 percent, or 72.97 points.

Analysts said that a strengthening regional markets and the arrival of the first tranche from the International Monetary Fund (IMF) fueled today’s bull-rush.

Engro Foods Ltd jumped 4.99 percent to close at Rs109.52,
while Lucky Cement Ltd 2.3 percent to Rs244.