Karachi: Pakistan shares market jumped on Monday on Monday registered a six month high, as it closed at 12,136.92 points, its highest close since Aug. 2, 2011.
The Karachi Stock Exchange (KSE) 100-index closed up 1.29 percent, or 154.30 points. Volume rose to 196.3 million shares, compared with 130 million traded on Friday.
Investors purchased banking shares on hopes of strong corporate results due to be announced in the coming days.
Bank Alfalah ended 2.53 percent higher at 12.55 rupees, National Bank of Pakistan rose 4.98 percent to 45.29 rupees, and Silk Bank closed up 12.87 percent at 1.93 rupees.
In the currency market, the rupee ended weaker at 90.50/56 to the dollar, compared with Friday’s close of 90.43/48 amid increased import payments, especially of oil.
The rupee touched a record low of 91.28 to the dollar on Jan. 9, pressured by concerns about higher payments for oil imports and the country’s economic health, especially a weakening current account.
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