Karachi: Pakistani stocks ended more than 1 per cent higher on Monday, despite a suicide car bomb attack in the eastern city of Lahore, with the market enjoying a boost in confidence from foreign buying last week, dealers said.
The Karachi Stock Exchange's benchmark 100-share index. KSE rose 113.90 points, or 1.18 per cent, to end at 9,740.19 on turnover of 125.6 million shares.
"Foreign investors were quite active in the market last week and that shows that Pakistani markets are still conducive for investing despite security fears," said Sajid Bhanji, a dealer at brokers' Arif Habib Ltd.
In the currency market, the Pakistan rupee was slightly weaker at 84.68/78 to the dollar, compared with Saturday's close of 84.65/75.
Dealers said there were few import payments in the market, and portfolio inflows had provided some support over recent days.
