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.

More From This Section

Ministry set to auction 3G, 4G licences despite more roadblocks

The senate body’s recommendations will not stop the auction process to be held on April 23.

Sindh announces sales tax amnesty

Sindh Revenue Board's amnesty scheme comes into immediate effect for citizens who have so far failed to pay sales tax.

Stocks retreat by 107 points

Stocks on Thursday saw pullback with the KSE-100 index closing down by 107.81 points to 29,350.34.

ECC approves Rs1.6 billion Ramazan package

ECC of the cabinet approved a relief package of Rs1.624bn for providing subsidy on various edibles during Ramazan.

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
From The Newspaper