KARACHI, May 7 (Reuters) – Pakistan’s main stock exchange closed lower on Wednesday, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.19 percent, or 53.17 points, to 28,330.03.
The market remained range bound today. Investor interest was driven down due to the political uncertainty in the country.
Investors are apprehensive in the market as uncertainty prevails about the unfolding political situation of the country and protest set to begin from 11th of May, said dealer Fahad Ali at JS Global Capital Ltd.
The rupee PKR= ended higher at 98.22/98.27 against the dollar compared to Tuesday’s close of 98.63/98.68.
Overnight rates in the money market remained flat at 7.50 percent.