Karachi: Pakistani stocks fell yesterday as cautious investors awaited the outcome of the meeting between the Securities and Exchange Commission and stock exchange authorities, due to be announced later in the day.
The Karachi Stock Exchange (KSE), benchmark 100-share index ended 0.44 per cent, or 44.86 points, lower at 10,046.57, on turnover of 99.94 million shares.
"The market ended lower as investors remained cautious awaiting SECP decision on margin trading system," said Ahsan Mehanti, director at Arif Habib Investments Ltd.
The KSE and SECP authorities are meeting to discuss margin trading and investors are hopeful it will be approved. But dealers said some investors booked profits at higher levels.
