KSE cumulates a hefty 355 points on institutional support

KARACHI: Boosted by institutional buying Karachi Stock Exchange (KSE) closed higher on Thursday strengthening by a sizable 355.31 points to reach above 24,800-level.

The benchmark KSE-100 Index gained 1.45 percent.

The Fauji Cement Ltd rose 4.55 percent to Rs14.03 while Nishat Mills Ltd was up 2.08 percent at Rs115.83.