Khi stocks tail regional rise

KARACHI: Karachi Stock Exchange (KSE) ended higher Friday, taking cue from regional markets and as investors accumulated fertiliser shares such as Fauji Bin Qasim (FFBL) on hopes of strong corporate results.

The KSE benchmark 100-share index closed 0.45 percent, or 51.24 points, higher at 11,353.46 on turnover of only 46.7 million shares.

"Optimism about healthy earnings and handsome payout in FFBL kept its share price upward and it increased by more than 1.4 percent," said Samar Iqbal, dealer at Topline Securities Ltd.

FFBL rose 1.5 percent at 53.54 rupees. (Reuters)