Pakistan stocks end lower, rupee weakens, o/n rate flat

12 views

1 min read

KARACHI, Pakistan Sept 25 (Reuters) – Pakistan’s main stock exchange closed lower on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.12 percent or 27.59 points to 23,060.90.
After huge foreign selling yesterday market participants preferred to stay sideline fearing more outflow.
Nishat Mills Ltd above expectation earnings of Rs.16.63 with 40 percent cash dividend brought renewed buying interest in the stock dealer said.
Nishat Mills Ltd NISM.KA rose 2.12 percent to 98.87 rupees while TRG Pakistan Ltd TRGP.KA was up 2.97 percent to 10.41 rupees.
The rupee PKR= ended weaker at 106.37/106.47 against the dollar, compared to Tuesday’s close of 106.10/106.20.
Overnight rates in the money market remained flat at 7.00 percent.

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

View all posts