Karachi: Most Pakistan stocks rose as investor concern over security eased.
Royal Bank of Scotland Pakistan jumped 5.3 per cent to Rs19.80 (85 fils). Unilever Pakistan Ltd, the largest producer of consumer goods, advanced 4.5 per cent to Rs2,878.22.
"We are hoping that the security situation will improve," said Shahrukh Naqvi, head of sales at Invest Capital & Securities Ltd in Karachi. "In January things have been calm. If the army succeeds against the militants, it will encourage investors to come to the capital markets."
The benchmark Karachi Stock Exchange 100 Index was at 9,595.24. Fifty stocks gained while 41 fell. The measure has climbed 2.2 per cent this year.
Pakistani troops have captured a major Taliban base in the country's northwestern tribal region of Bajaur.
