Dawn News

Pakistani stocks shed another 100 points

Stockbrokers at the Karachi Stock Exchange.—AFP/File Photo
Stockbrokers at the Karachi Stock Exchange.—AFP/File Photo

KARACHI: The benchmark 100-share index of Pakistan's Karachi Stock Exchange closed 0.51 percent lower on Wednesday.

The index fell 107.77 points to 21,002.57.

Muslim Commercial Bank Ltd fell 5 percent to 243.27 rupees, while Pakistan State Oil Co Ltd was down 2.32 percent to 311.60 rupees.

The rupee ended almost steady at 98.86/98.91 against the dollar, compared to Tuesday's close of 98.87/98.93.

Overnight rates in the money market rose to 9 percent from Tuesday's close of 8.75 percent.


Email feedback and queries to Dawn.com's editorial team, or visit our contact page

GET THE LATEST NEWS STRAIGHT TO YOUR INBOX


Comments (0) Closed