Karachi:  Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, rose 0.28 per cent at the close.

The index of 100 companies traded on the KSE rose 27.51 to 9,762.89. Among the stocks in the index, 55 rose, 38 fell and 7 were unchanged.

Gains in the KSE 100 Index were led by Oil & Gas Development Co, Nestle Pakistan Ltd and Pakistan Tobacco Co Ltd.

Pakistan Oilfields Ltd, which fell Rs1.88 to Rs223.39, was the most active stock by value in Pakistan.

Meanwhile the cost of insuring Pakistan government debt jumped to a three-month high on concern last month's floods will slow the economy and worsen government finances.

Credit-default swaps on Pakistan government debt had increased by 331 basis points to 832 basis points between July 31 and yesterday, according to data provider CMA.