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Monday, February 28, 2011

Rise in global commodity rates, oil push KSE 66 points up


KARACHI: The Karachi stock market regained strength on the first trading day of the week Monday, after
witnessing heavy battering last week, as investors went for buying activity due to rise in commodity rates in
the international markets on unrest in Middle East and Libya, and crude oil crossing $100 per barrel mark.
The Karachi Stock Exchange (KSE) 100-share index gained 65.71 or 0.59 percent to close at 11,289.23
points as compared to 11,223.52 points of the previous trading week. The KSE 30-share index also gained
183.85 points to close at 10,940.68 points as against 10,756.83 points