Pakistani stocks end lower; rupee steady
KARACHI: Pakistani stocks closed lower on Thursday, with investors remaining cautious after a day of sectarian and militant attacks jolted the country.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.04 per cent, or 5.97 points, lower at 16,251.00.
Karachi Electric fell 1.46 per cent, or 0.09 rupees, to 6.07 per share, while Jahangir Sidiqui dropped 3.66 per cent, or 0.59 rupees, to 15.51 per share.
Fauji Cement <FAUC .KA> rose 4.48 per cent, or 0.30 rupees, to 7.00 per share and Maple Leaf Cement rose 7.02 per cent, or 1.00 rupee, to 15.25 per share.
In the currency market, the Pakistani rupee ended nearly steady at 95.93/95.98 to the dollar, compared to Wednesday’s close of 95,95/95.97.
Overnight rates in the money market remained flat at 10 per cent.