KSE-100 index ends 136.02 points lower

KSE-100 index ends 136.02 points lower

Karāchi : Pakistan | Sep 20, 2012 at 5:03 AM PDT
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KSE Official Documentary 2008 www.kse.com.pk

KARACHI: Karachi Stock Exchange (KSE) ended lower on Thursday as investors remained cautious about the security situation in the country.

The government declared Friday a holiday and national day of mourning after Pakistani citizens protested against an anti-Islam film.

The KSE benchmark 100-share index ended 0.87 percent, or 136.02 points, lower at 15,452.64, on total volume of 159.26 million shares.

"Due to long weekend and prevailing law and order situation in the city, across the board selling was witnessed. Increased leverage position also forced investors to trim their portfolios," said Samar Iqbal at Topline Securities.

In the currency market, the Pakistani rupee ended slightly stronger at 94.46/94.51 to the dollar, compared to Wednesday's close of 94.48/94.54.

Overnight rates in the money market ended at 10.40 percent compared to Wednesday's close 9.50 percent.

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KSE-100 index ends 136.02 points lower
farooq0300 is based in Faisalābād, Punjab, Pakistan, and is a Stringer on Allvoices.
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