Rising 100-Index gathers fresh gains Updated at: 1827 PST, Friday, November 04, 2011

ISLAMABAD: Stocks at Karachi equity market ended more than 1.2 percent higher on Friday, but on low volume, as investors accumulated cheaper shares, dealers said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.27 percent, or 149.84 points, higher at 11,957.30.

Volume fell to 55.85 million shares, compared with 61.49 million shares traded on Thursday.

"Volume was dull as investors were slightly cautious ahead of the long weekend," said Mohammed Sohail, chief executive at Topline Securities Ltd.

Pakistani markets and banks will reopen on Nov. 10, after the holidays for the Muslim festival of Eid-al-Adha.

Among the most active companies, Engro Corp, volume leader, ended 4.46 percent higher at 135.99 rupees and Jahangir Sidiqui rose 3.77 percent to close at 6.05 rupees. (Reuters)

Posted in: PAKISTAN