KSE-100 Index inches up by 10 points

KARACHI: Stock prices at Karachi Stock Exchange (KSE) ended slightly higher on Monday but trade remained thin as investors awaited clarity on the proposed implementation of margin trading in the market. The country's stock market regulator approved last week margin trading -- the funding of transactions using borrowed money --a move that analysts said is likely to boost trade volumes.

The Securities and Exchange Commission of Pakistan (SECP) had then stated that it had approved the "concept of MarginTrading System with additional risk mitigating measures".

The Karachi Stock Exchange's benchmark 100-share index ended 0.11 percent, or 10.61 points, higher at 10,063.58.

Turnover fell to 65.05 million shares, compared with 66.53million shares traded on Friday.

"The market is expected to remain liquid over the next two days so that there could be maximum participation in the auction," said a brokerage house dealer.