Shares end up 1.3% in thin trade

Karachi: Pakistani stocks ended more than 1.3 per cent higher  Tuesday in thin trade, on buying by foreign investors especially in the energy sector, dealers said.

The Karachi Stock Exchange's benchmark 100-share index rose 1.36 per cent, or 135.58 points, to end at 10,114.65, its highest close since May 14.

"Higher production numbers for OGDCL (Oil and Gas Development Co Ltd) and PPL (Pakistan Petroleum Ltd) saw buying in the stocks by foreign investors," said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd.

OGDCL ended 3.03 per cent higher at Rs149.90 and PPL rose 2.37 per cent.

The energy sector is also the heaviest weighted sector on the KSE-index.

Volume was 67.97 million shares, compared with 64.70 million shares traded on Monday.