Oils fuel KSE up

KARACHI: Karachi Stock Exchange (KSE) Thursday ended higher as investors accumulated energy shares, such as Pakistan Oilfields (POL) on hopes of strong corporate profits, due to be announced in the coming days.

POL is due to announce its results for quarter ended June 30 on Monday.
The KSE benchmark 100-share index closed 0.16 percent, or 18.65 points, higher at 11,348.42.

Volume was 90.93 million shares, compared with 86.23 million shares traded on Wednesday.

"Pre-result buying was seen in Attock group stocks amid hopes of healthy earnings and handsome payouts as Pakistan Oil Field gained 7 rupees (1.92 percent)," said a broker. (Reuters)