KARACHI: The Karachi Stock Exchange (KSE) 100-share index gained 319.20 points, or 2.83 percent, on Tuesday to close at 11,608.43 points compared to 11,289.23 points in the previous session.
The KSE 30-share index rose 370 points to close at 11,310.68 points compared to 10,940.68 points in the previous session.
The market rose because the finance minister of the country Abdul Hafeez Sheikh consented to visit KSE for the launch of Margin Trading System on March 5.
Renewed foreign interest in blue-chips, strong earnings announcement by National Bank, rise in local petroleum prices, higher international commodity prices and recovery in global capital markets boosted the sentiment.
The market turnover went up by 77.46 percent to 153.03 million shares compared to 86.23 million shares in the previous session. Gainers beat losers by 220 to 68 while 93 stocks remained unchanged.
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