Karachi: Pakistani shares ended down yesterday as investors sold energy stocks amid falling international oil prices ahead of this week's monetary policy announcement by the State Bank of Pakistan (SBP).
Dealers said trade would likely remain light as investors were cautious ahead of Saturday's monetary policy announcement, which will set policy for the next two months.
The Karachi Stock Exchange's benchmark 100-share index .KSE ended 0.49 per cent, or 61.32 points, lower at 12,370.59. Turnover fell to 109.26 million shares from Friday's 202.6 million.
"A fall in international oil prices and uncertainity over the SBP announcement affected sentiment in the market, despite healthy corporate results," said a trader.
The rupee ended weaker at 85.90/86.00 to the dollar, compared with Friday's close of 85.80/90 amid higher import payments.
