Pakistani stocks close lower.kse

KARACHI: Pakistan’s stocks closed lower on Wednesday, with profit-taking seen in some large-cap stocks, Said Sammar Ali – Abbassi Securities.

The Karachi Stock Exchange’s benchmark 100-share index closed 0.82 per cent, or 182.09 points, lower at 22,092.42.

The Pakistan Oil and Gas Development Co Ltd fell 3.92 per cent at 244 rupees, while D.G. Khan Cement was down 0.97 per cent at 80.30 rupees.

The rupee ended at 98.47/98.52 against the dollar stronger than Tuesday’s close of 98.53/98.57. Overnight rates in the money market remained flat at 7 per cent.

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