Alert Sign Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to turn off Adblock on

Alert Sign Dear reader, please upgrade to the latest version of IE to have a better reading experience


Pakistani stocks end lower; rupee weakens


Your Name:

Recipient Email:

A stockbroker on the floor of the Karachi Stock Exchange.—Reuters Photo

KARACHI: The Pakistani stock market ended lower on Thursday, in line with market heavyweight Oil and Gas Development Company Limited, traders said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.27 per cent, or 41.83 points, lower at 15,357.59, on total volume of 86.62 million shares.

The Oil and Gas Development Company Limited lost 0.74 per cent to close at 176.00 rupees.

“With low volumes, activity remained confined in mid cap stocks particularly in cement sector. Although the index closed in negative primarily on account of decline in index heavyweight OGDC, cherry picking was seen in cement stocks amid improved dispatches for the month,” said Samar Iqbal at Topline Securities.

In the currency market, the Pakistani rupee ended weaker at 94.80/94.85 to the dollar compared to Wednesday’s close of 94.72/94.77.

Overnight rates in the money market ended flat at 10.40 per cent.


DAWN_VIDEO - /1029551/DAWN-RM-1x1

LARGE_RECTANGLE_BOTTOM - /1029551/Dawn_ASA_Unit_670x280

Comments (0) Closed