ISLAMABAD: Pakistan stocks fell for a third consecutive day on Friday with investors depressed by the performance of global markets, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.46 per cent, or 205.3 points, lower at 13,857.78 on volume of 129.29 million shares, compared to Thursday's close of 14,063.08.
“Across the board selling was seen, as more than 200 companies' shares fell. Investors booked profits due to the fear that the bearish trend in global markets may result in more selling (by foreign investors),” said Samar Iqbal, a dealer at Topline Securities.
Foreign investors sold shares worth a net $4,201,629 on Thursday, according to the National Clearing Company of Pakistan.
