KARACHI: Pakistan stocks witnessed a slowdown on Monday as investors decided to cash in after last week’s rally, but the index still squeaked out a four-year high on the close despite the pullback by foreign investors, analysts said.

The Karachi Stock Exchange (KSE) benchmark 100-share index closed 0.04 per cent, or 5.69 points, higher at 14,617.97, with a volume of 174.8 million shares. The KSE closed at 14,612.28 on Friday, when heavy activity by foreign investors inspired a market rally.

Foreign investors bought shares worth $1,945,963 on Monday, compared to the purchase of shares worth $19,569,904 on Friday.

“The foreign flows that was seen last week may not continue if regional markets remain under pressure,” said Samar Iqbal, a dealer at Topline Securities.