KSE 100-share gains 48 points

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.31 percent, or 48.54 points, higher at 15,756.90 on total volume of 81.796 million shares.

Stocks closed slightly higher on Monday but investors were mostly waiting for upcoming earnings announcements, traders said.

"The market recovered slightly today but overall the volume was down because the market are waiting for some positive earnings figures," said a dealer at Topline Securities.

"There was some activity in cement stocks."

In the currency market, the Pakistani rupee ended slightly stronger at 95.34/95.38 compared to Friday's close of 95.48/95.68 to the dollar.

Overnight rates in the money market closed at 8.00 percent compared to Friday's 7.00 percent. (REUTERS)