Index gains 2.2 percent

Karachi shares market ended the year''s last week on a positive note with benchmark KSE100 index rising 2.2 per cent to 33,228.95 points.
"Range bound activity was seen at local bourse during the week, but advent of the New Year resulted in the benchmark KSE100 index closing up," viewed analysts at Topline Research.
Analysts at JS Global said overall sentiments at Karachi bourse remained positive during the week.
Daily trading volume remained range-bound but grew 24pc, week-on-week (WoW), to 114 million shares on average. The value of stocks traded averaged on Rs6.6 billion, almost flat compared to preceding week.
Tobacco appeared as most gaining sector with 16.6pc growth over the week.
Following were construction, materials and food producing scrips having added 5.7pc and 3.5pc, respectively. The major losers included technology hardware, equipment and household goods that slid 2.7pc and 2.4pc.
Foreign portfolio investment witnessed a negative trend during the week which saw net outflows of 3.2m.
Major selling was seen in banks and oil and gas which braved $7.3m and $2.7m outflows. However, $3.2m net buying in cement sector provided some support to overall outflow.
JS analysts said the prime minister''s inaugural of CPEC''s western route and impressive provisional December-2015 sales numbers injected interest in cement stocks.
Index heavyweight oil and gas stocks also recovered led by Pakistan Petroleum Limited on news of 50pc increase in Sui gas field''s wellhead price and recent hydrocarbon discoveries.
While issues from pharma and beverage sectors downed by 0.4pc and 0.3pc.
Other weekly highlights were Indian PM Modi''s surprise visit to Pakistan, foreign exchange reserves crossing $21bn, PM announcing Rs3 cut in electricity tariff for industrial consumers, ECC approving 60mmcfd RLNG supply to textile sector, reduction in diesel prices, ministry reassuring textile manufacturers about continuation of GSP Plus status, urea sales for the month of November, posting a strong rebound with YoY growth clocking-in at 33pc YoY and K-Electric showing interest in buying FESCO.