Pakistan stocks down; rupee slightly stronger
ISLAMABAD: Pakistan’s main stock market ended down on Monday on investor negativity following a downturn across global markets, dealers said.
The Karachi Stock Exchange benchmark 100-share index ended down 0.65 per cent or 88.63 points, at 13642.19 points on volume of 45.67 million shares.
“The market witnessed depressed volume today as investors remained on the sidelines before the June closing. The sell-off in global markets also affected the local stock market,” said Samar Iqbal, a dealer at Topline Securities.
In the currency market the rupee closed slightly stronger at a 94.40/45 to the dollar compared to 94.45/52 on Friday.
Overnight rates in the money market remained unchanged at 11.75 per cent.