KARACHI: Pakistan’s main stock exchange closed lower with the benchmark 100-share index of the Karachi Stock Exchange falling 1.23 percent, or 332.29 points, to 26,670.60.

Follow-through impact of the global sell off was felt at the local bourse, resulting in the benchmark index declining.

Major selling was seen in index heavy-weights like Oil and Gas Development Co. Ltd, Muslim Commercial Bank Ltd, Engro Corporation Ltd, dealer Asad Siddiqui at Toplinesaid.

Oil and Gas Development Co. Ltd. fell 2.16 percent to 273.50 rupees while Engro Corporation Ltd. was down 3.32 percent to 173.60 rupees.

The rupee ended weaker 105.50/105.56 against the dollar compared to Friday’s close of 105.45/105.50.