KARACHI: Pakistan’s main stock market closed slightly down on Thursday in cautious trade, analysts said.

The Karachi Stock Exchange benchmark 100-share index dropped 11.39 points, or 0.08 per cent, to close at 14,553.29 on volume of 58.77 million shares.

“The market remained range-bound and many investors chose to remain on the sidelines in the absence of any major triggers,” said Atif Zafar, a research analyst at the JS Global financial services company.

In the currency market, the rupee closed almost flat at 94.54/59 to the dollar, compared with 94.58/63 on Wednesday.

Overnight rates in the money market remained unchanged at 11.90 per cent.