Dawn News

Pakistani stocks slightly down; rupee strengthens

The Karachi Stock Exchange.—Reuters (File Photo)

ISLAMABAD: Pakistan’s main stock market closed slightly down in slow trade on Thursday with investors staying on the sidelines in the absence of any major triggers, analysts said.

The Karachi Stock Exchange benchmark 100-share index lost 7.19 points, or 0.05 per cent, to close at 14,170.91 on volume of 30.9 million shares.

“There was a lack of triggers in the market today, and most investors chose not to take any risks,” said Atif Zafar, a research analyst at the JS Global financial services company.

In the currency market, the rupee closed stronger at 94.28/32 to the dollar, compared with 94.46/51 on Wednesday.

Overnight rates in the money market closed slightly higher at 9.10 per cent, compared with 9 per cent on Wednesday, due to decreased liquidity.

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