Karachi: Pakistan stocks ended slightly lower after hitting a 19-month closing high a day earlier, but dealers said investor sentiment remained positive.
"The market saw some profit-taking yesterday after the recent gains but it is unlikely to lose much for now," said Sajid Bhanji, director at brokers Arif Habib Limited.
The Karachi Stock Exchange's benchmark 100-share index ended 0.19 per cent, or 19.24 points, lower at 10,127.03. Volume was 156.12 million shares, compared with 159.22 million shares traded on Wednesday.
The Pakistani rupee gained sharply yesterday to close at a near four-month high, thanks to increased dollar inflows and easing demand from importers, dealers said. The rupee PKR closed at 83.67/72 to the dollar compared with 84.10/13 on Wednesday.
