KSE ends higher at 9058, up 62 points

Karachi stocks ended up on Friday on buying from foreign investors but off its early gains as local institutions booked profits as the benchmark index crossed the 9,000 points. The Karachi Stock Exchange's (KSE) 100-share index closed 62.58 points, or 0.70 percent, higher at 9,058.77 on turnover of 157 million shares. Local investors succumbed to the psychological barrier of 9,000 points and booked profits, despite continued foreign interest, said Asad Iqbal, managing director at Ismail Iqbal Securities Ltd. Among blue-chips, Oil and Gas Development Co. Ltd. rose 2.25 percent to 111.99 rupees, National Bank of Pakistan, gained 1.61 percent to 78.89, and Pakistan Oilfields, ended 2.72 percent higher at 216.19 rupees.