Karachi: Pakistan's Karachi Stock Exchange 100 Index fell 32.24, or 0.4 per cent, to 9,294.18, the lowest in just over five months.
Pakistan State Oil Ltd, the nation's biggest fuel retailer, rose 0.1 per cent to Rs255.17, after falling 2 per cent earlier because of a reduction in domestic prices.
The shares rose because investors judged the earlier decline as excessive, said Adnan Katchi, an equities trader at IGI Finex Securities Ltd in Karachi.
Oil & Gas Regulatory Authority reduced domestic fuel prices by as much as 8 per cent to bring them in line with international oil rates, according to a statement on the regulator's website.
Shell Pakistan Ltd, the nation's second-biggest fuel retailer, fell 3.1 per cent to Rs227.93, its lowest in 10 months, after the government reduced domestic fuel prices.
