KARACHI: Stocks prices at Karachi Stock Exchange (KSE) ended higher on Wednesday led by mid-cap companies such as financial group Jahangir Siddiqui (JSCO) and textile company Azgard Nine (AZNL), dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.40 percent, or 49.19 points, to 12,311.04 points.
Turnover climbed to 172.08 million shares, compared with 148.2 million shares traded on Tuesday.
Volume leader JSCO ended 9.39 percent higher at 9.32 rupees, and AZNL rose 7.5 percent to close at 6.16 rupees.
"Rising international crude oil also supported the market sentiments," said a stock dear.
Global oil prices rose to $118 a barrel on Wednesday as real and threat ended supply disruptions outweighed concerns about the health of the global economy.
Rising oil prices did, though, put pressure on the rupee in the currency market, which ended weaker at 90.68/72 to the dollar, compared with Tuesday's close of 90.60/65 to the dollar. (Reuters)
The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.40 percent, or 49.19 points, to 12,311.04 points.
Turnover climbed to 172.08 million shares, compared with 148.2 million shares traded on Tuesday.
Volume leader JSCO ended 9.39 percent higher at 9.32 rupees, and AZNL rose 7.5 percent to close at 6.16 rupees.
"Rising international crude oil also supported the market sentiments," said a stock dear.
Global oil prices rose to $118 a barrel on Wednesday as real and threat ended supply disruptions outweighed concerns about the health of the global economy.
Rising oil prices did, though, put pressure on the rupee in the currency market, which ended weaker at 90.68/72 to the dollar, compared with Tuesday's close of 90.60/65 to the dollar. (Reuters)