KARACHI: Trade at the main stock market ended on a fresh four-year high on Friday led by buying in cement shares which are benefiting from hopes of healthy profits this year, dealers said.
The Karachi Stock Exchange benchmark 100-share index ended 1.49 percent, or 202.66 points, higher at 13,761.76, its highest close since May 2008.
Volume rose to 413.94 million shares, compared with 344.56 million shares traded on Thursday.
"Leading cement manufacturers like Lucky Cement and DGKC (D.G. Khan Cement) closed at the upper limit," said Samar Iqbal, a dealer at Topline Securities.
Volume leader Lafarge Pakistan closed 10.05 percent higher at 4.82 rupees, D.G. Khan Cement rose 4.99 percent to close at 36.37 rupees and Lucky Cement ended 5 percent higher at 113.45 rupees. (Reuters)
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