KSE-100 Index crosses historic 18,000 points

KARACHI: The Karachi Stock Exchange's benchmark 100-share Index on Friday closed above 18,000 points for the first time in the country's history boosted by foreign buyers during the week.

Giving impetus to investor sentiment, the KSE-100 Index reached the 18,083.94 mark on reports that the courts had approved a rise in international call rates and that ENGRO would be ensured supply of gas.

Healthy corporate earnings also helped keep the market buoyant.

The rupee ended stronger at 98.06/98.12 against the dollar, than Thursday's close of 98.13/98.18.

The money market rose to 9 per cent closing at 8.50 per cent on Thursday.

Copyright Business Recorder, 2013