Pakistan stock rises 170 points

Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, rose 1.06 per cent at the close. The index of 100 companies traded on the Karachi Stock Exchange rose 170.08 to 16,221.22. Among the stocks in the index, 55 rose, 35 fell and 10 were unchanged. Gains in the Karachi Stock Exchange 100 Index were led by Oil & Gas Development, Pakistan Petroleum and United Bank/Pakistan. Engro Foods, which rose 3.83 rupees to 80.43 rupees, was the most active stock by value in Pakistan. The next most-active issues were Khan Cement, which fell 1 rupee to 52.60 rupees, and Engro, which rose 1.40 rupees to 96.15 rupees. From:Times Of Oman