The Karachi Stock Exchange.—File Photo

ISLAMABAD: Pakistan’s Karachi Stock Exchange (KSE) closed slightly lower on Friday, with most investors taking no risks on the week’s last day of trading, dealers said.

The KSE’s benchmark 100-share index ended 0.09 per cent, or 11.86 points, lower at 13,925.06 points on volume of 120.4 million shares, compared to Thursday’s close of 13,936.92.

“The market failed to close above the 14,000-point level as most of the investors remained on the sidelines ahead of the weekend,” said Samar Iqbal, a dealer at Topline Securities.

The Pakistani rupee ended stronger at 91.70/75 to the dollar, compared to 91.90/95 on Thursday.

Overnight rates in the money market ended higher at 11 per cent, compared to Thursday’s close of 9 per cent, because of decreased liquidity in the market.

More From This Section

IMF not satisfied with bill on ‘SBP autonomy’

IMF is expected to take up the issue with Pakistan during third quarterly review of the $6.78 billion bailout package.

Opposition parties meet today to devise joint plan to block Protection of Pakistan bill

The meeting has been convened to prepare a consensus document containing amendments to the PPO.

JI wants permanent TTP ceasefire

JI has called for a permanent ceasefire by the TTP and urged the govt to make every effort to continue peace talks.

IT ministry can’t afford IT experts

Minister blames her predecessors for neglecting key ministry.

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