KSE 100-Index further gains 100 points

KARACHI: The prices of stocks at Karachi Stock Exchange (KSE) ended higher on Wednesday as investors accumulated shares in anticipation of the launch of a margin trading system (MTS) in the coming days, dealers said.

The Karachi Stock Exchange's (KSE) benchmark 100-shareindex ended 0.78 percent, or 90.73 points, higher at 11,699.16.

Turnover fell to 143.3 million shares, compared with 153million shares traded on Tuesday.

"Bullish sentiment continued to prevail at the KSE amid better corporate earnings and the expected launching of the MTS," said a dealer at KSE.

The National Bank of Pakistan (NBP) announced on March 1, a full year net profit for 2010 of 17.56 billion rupees ($205 million), and a cash dividend of 7.5 rupees per share. The NBP ended 4.99 percent higher at 75.16 rupees.