KARACHI: Stocks at the apex bourse climbed 0.9 percent to close at a four-year high on Wednesday, led by banking and cement shares on hopes of healthy earnings, dealers said.
The Karachi Stock Exchange benchmark 100-share index ended125.68 points higher at 13,575.41 points, its highest close since May 2008. Volume rose to 450 million shares, compared with the 166 million shares traded on Tuesday.
"National Bank of Pakistan once again closed at its upper limit as investors hoped that 2012's earnings will be better than last year," a dealer said, adding: "Cement stocks continued to remain in the limelight".
NBP closed 5.0 percent higher at 43.06 rupees, with D.G. Khan Cement up 2.3 percent to end at 34.45rupees. (Reuters)
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