KSE benchmark 100-share index gains 52 points

ISLAMABAD: The Karachi Stock Exchange benchmark 100-share index rose 52.29 points, or 0.36 percent, to close at 14,384.58 on volume of 55.40 million shares.

KSE closed up on Monday but on reduced volume with investors cautious as companies prepare to announce financial year results, dealers said.

"Investors are waiting for the June results which are likely in the coming weeks," said a dealer.

In the currency market, the rupee closed almost flat at 94.45/52 to the dollar, compared with 94.43/49 on Friday.

Overnight rates in the money market closed up at 11.75 percent from 11.50 percent on Friday because of decreased liquidity in the market. (Reuters)