Karachi: Pakistani stocks ended lower Wednesday as the meeting regarding margin trading ended inconclusively the previous day and also on economic concerns following the floods, dealers said.
The Securities and Exchange Commision of Pakistan (SECP) called an emergency meeting on Tuesday at noon with the KSE authorities, to resolve outstanding issues regarding margin trading. However the meeting ended inconclusively.
The Karachi Stock Exchange benchmark 100-share index ended 0.79 per cent, or 77.67 points, lower at 9,735.38, on turnover of 52.25 million shares.
"Disappointed investors booked profits after the KSE meeting on margin trading system ended without any conclusion," said Samar Iqbal, a dealer at Topline Securities Ltd.
