Karachi: Pakistani stocks were again lacklustre yesterday with the index ending lower as most investors chose to remain cautious ahead of the fiscal year-end and in the absence of any major trigger.
The Karachi Stock Exchange's (KSE) benchmark 100-share index fell 1.28 per cent, or 125.30 points, to close at 9,671.55.
Turnover was 81.65 million shares, compared with 89.16 million shares traded last Friday.
"Trade has been dull in the last few days as there has been no trigger for the investors and they don't want to take too much of a risk ahead of the year-end," said Khalid Iqbal Seddiqi, director at Invest and Finance Securities.
Pakistan's fiscal year runs from July 1 to June 30.
Dealers said uncertainties over the implementation of a new capital gains tax from July 1 has discouraged investors.
