KARACHI: Karachi Stock Exchange (KSE) ended higher on Wednesday after the news that monthly inflation had declined by 1.3 percent bucked up the previously overcautious investors to venture into cement and textile stocks.
The KSE-100 Index gained 1.38 percent, or 347.71 points, to close higher at 25,608.85 mark.
Among major performers, Maple Leaf Cement Factory Ltd rose 5 percent to Rs28.80, while Nishat Mills Ltd, jumped 5 percent to close at Rs133.60.
In the currency market, the rupee weakened against the dollar to close at 105.40/105.45 compared to Tuesday’s close of 105.20/105.25.
Due to bank holiday the money market was closed today.
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