KSE 100-share index ends 62 points higher

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.41 percent, or 62.82 points, higher at 15,234.48, on volume of 18.71 million shares.

Stocks ended higher on Tuesday as investors' concerns over political turmoil eased after the prime minister won more time from the Supreme Court in a case that could see him charged with contempt of court or disqualified, traders said.

Pakistan Telecommunications Company Limited was the biggest winner in terms of volume, gaining 6.14 percent. It closed at 17.29 rupees.

In the currency market, the Pakistani rupee ended at 94.79/94.85 compared to 94.80/85 on Monday.

Overnight rates in the money market ended at steady at 7.5percent.