Energy firms, banks pull Pakistan index down
Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 0.17 per cent at the close.
Karachi: Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 0.17 per cent at the close.
The index of 100 companies traded on the Karachi Stock Exchange fell 19.49 to 11,135.34. Among the stocks in the index, 41 rose, 55 fell and 4 were unchanged.
Declines in the Karachi Stock Exchange 100 Index were led by Oil & Gas Development Co, Habib Bank Ltd and Mcb Bank Limited.
Nishat Mills Ltd, which rose Rs1 to Rs58.31, was the most active stock by value in Pakistan.
The next most-active issues were Fauji Fertilizer Co Ltd, which rose Rs1 to Rs111.58, and Pakistan Oilfields Ltd, which rose Rs2.48 to Rs267.93.
Meanwhile Pakistan's central bank drained Rs10 billion from the banking system for two days at 11.85 per cent, according to a statement. It received offers for Rs16.5 billion.
