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KARACHI: Pakistani stocks ended lower on Tuesday as investors booked profits after the market closed at a two-month high on the previous day, dealers said.
The KSE’s benchmark 100-share index closed down 0.38 per cent, or 46.28 points, at 11,991.38 points.
Volume fell to 200 million shares, compared with 230.14 million shares traded on Monday.
“The market took some correction as investors preferred to book profits and (the) index closed below the psychological level of 12,000,” said Samar Iqbal, a dealer at Topline Securities Ltd.
“POL (Pakistan Oilfields), OGDCL (Oil and Gas Development Co Ltd) and FFC (Fauji Fertiliser) saw profit-taking by leading institutions.”
POL ended 1.91 per cent lower at 365 rupees, OGDCL shed 2.03 per cent to 150.50 rupees, and FFC closed 2.2 per cent lower at 176 rupees.
