Led by oil, cement stocks, KSE gains 120 points

KARACHI: Karachi Stock Exchange (KSE) Thursday closed higher at 23, 114.97 points as investors went bullish on cement and oil stocks giving rise to a rally, which resulted in the realization of 120.25 points.

The benchmark KSE 100-Index vaulted by 0.52 percent before the traders called it a day.

Pakistan State Oil Company Ltd strengthened and Maple Leaf Cement Factory Ltd, being among the top gainers, jumped by 2.31 percent to close at Rs339.98 and 4.98 percent to finish higher at Rs27.21 respectively. (Reuters)