KARACHI: Pakistan’s main stock exchange closed lower on Friday, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.24 per cent or 53.88 points.
The KSE-100 index closed down at 22,160.85 points as some profit taking was witnessed in some stocks, dealers said.
Selling pressure in banks and oil stocks forced index to close in negative, dealers said.
National Bank of Pakistan fell 3.26 per cent to 47.15 rupees while Pakistan State Oil Co Ltd was down 2.01 per cent to 295 rupees.
The rupee ended weaker at 104.44/104.52 against the dollar, compared to Thursday’s close of 104.35/104.40.
Overnight rates in the money market rose to 9 per cent from Thursday’s close of 6.50 per cent.