Pakistan stocks end lower, rupee weakens
Engro Corporation Ltd, which had been rallying for the last few sessions, witnessed some profit taking and closed 3 per cent lower while Pakistan Telecommunication Co Ltd closed at its upper cap after announcing better-than-expected results.
Institutional buying in the National Bank of Pakistan also helped it to close at its 5 per cent upper limit, dealers said.
Engro Corporation Ltd fell 2.94 percent to 176.05 rupees while National Bank of Pakistan was up 5 per cent to 55.03 rupees.
In the currency market, the rupee ended weaker at 100.29/100.34 against the dollar, compared with Monday’s close of 100.24/100.30.