KSE 100-share index ends 59 points higher

KARACHI: The Karachi Stock Exchange benchmark 100-share index rose 0.47 percent, or 59.22 points, to 12,603.67 points. Turnover fell to 194.11 million shares, from a 22-month high made the previous...

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AFP
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KSE 100-share index ends 59 points higher
KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.47 percent, or 59.22 points, to 12,603.67 points. Turnover fell to 194.11 million shares, from a 22-month high made the previous day as 322.47 million shares were traded.

Stocks ended higher on Wednesday, led by a rally in banking shares, as investor sentiment rose on hopes of strong corporate results.

"The focus of investors has shifted towards banks and mostly the smaller ones because of expectations of healthy corporate earnings," said a dealer at Al-Hoqqani Securities.(Reuters)