ISLAMABAD: Pakistan’s main stock market ended flat on Friday and in lower volume on investor caution following heavier selling on Thursday, dealers said.
The Karachi Stock Exchange benchmark 100-share index rose 0.01 per cent, or 1.68 points, to close at 13,657.88 points on volume of 75.8 million shares.
“After $7.4 million selling (by foreign investors) on Thursday, investors remained cautious ahead of the weekend,” said Samar Iqbal, a dealer at Topline Securities.
The Pakistani rupee firmed to close at 94.13/18 against the dollar compared to 94.22/28 on Thursday.
Overnight rates in the money market rose to 11.90 per cent from 10.5 per cent on Thursday amid decreased liquidity.