Smart bargains swing KSE up

KARACHI: Karachi Stock Exchange (KSE) ended up on Wednesday, after falling to a near 10-month low the previous day, as investors accumulated shares on attractive prices along with a recovery in world stocks, dealers said.

The KSE benchmark 100-share index closed 0.91 percent, or 98.82 points, higher at 10,941.08.

Volume was at 40 million shares, compared with 22.40 million shares traded on Tuesday.

"The local bourse recovered as world markets bounced back," said a broker. But volume will be on the lower side on security concerns and also due to the long weekend coming up, he added.

More than a 100 people have been killed in Karachi, the country's financial hub, since Wednesday in political, ethnic and gang violence that has intensified in recent months, police officials said. (Reuters)