KSE closes on positive note at weekend

KARACHI: The local capital market ended higher but down from the day's peak trade, as investors opted to sell shares before the close ahead of the weekend.

The Karachi Stock Exchange's benchmark 100-share index ended 0.16 percent, or 20.04 points, higher at 12,431.91.

The market gained earlier in the day, after Thursday's 1.3 percent fall. Dealers said this encouraged investors to grab shares at attractive levels.

“Share prices looked attractive after yesterday's decline and investors benefited from the opportunity," a stock dealer said.

However, dealers said investors opted to exercise caution and sold shares to book profits towards the end of trading.

The index touched an intraday high of 12,571.82.

Turnover jumped to 202.6 million shares from 183.6 million Thursday.