KARACHI: Pakistan’s main stock exchange closed lower, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.85 percent or 202.54 points to 23,573.68.
The index lost 0.85 percent amid profit taking in the oil, banking and fertilizer sectors while telecom and cement stocks remained supportive.
Fauji Cement Co. Ltd. and Maple Leaf Cement Factory Ltd. hit their upper circuit breaker amid expectations of better June earnings, dealers said.
The National Bank of Pakistan fell 4.35 percent to 57.40 rupee and Engro Corporation Ltd. was down 4.38 percent at 168.10 rupees.
The rupee ended weaker at 100.95/101.05 against the dollar, compared to Wednesday’s close of 100.66/100.71.
Overnight rates on the money market fell to 6.50 percent from Wednesday’s close of 7 percent.
Pakistan stocks end lower
Pakistan stocks end lower
