Wednesday, January 26, 2022 2:05

Pakistani Stocks End Lower

Posted by on Saturday, March 22, 2014, 10:55
This news item was posted in Business category and has 0 Comments so far .

Pakistan’s main stock exchange closed lower on Friday, with the benchmark 100-share index of the Karachi Stock Exchange falling 1.41 percent, or 383.03 points to 26,765.49.

Pakistani Stocks

Pakistani Stocks

Market plunged by 384 points amid heavy institutional selling in index heavy weight Oil and Gas Development Co Ltd, Pakisan Petroleum Ltd. While investors also trimmed their positions in other sectors like banking, cements and textile, said dealer Samar Iqbal at Topline Securities.

Pakistan Petroleum Ltd fell 2.82 percent to 223.75 rupees while Nishat Mills Ltd was down 1.63 percent to 122.75 rupees.

The rupee ended higher at 97.85/97.90 against the dollar compared to Thursday’s close of 98.08/98.15.

Overnight rates in the money market fell to 8.25 percent from Thursday’s close of 9.50 percent.

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