Decline in Karachi index led by oil firms

Karachi: Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 1.73 per cent at the close of trade yesterday.

The index of 100 companies traded on the Karachi Stock Exchange fell 247.59 to 14,066.08. Among the stocks in the index, 16 rose, 79 fell and 5 were unchanged.

Declines in the Karachi Stock Exchange 100 Index were led by Oil & Gas Development Co, Pakistan Petroleum Ltd and Nestle Pakistan Ltd.

Active stocks

Engro Foods Ltd, which fell Rs2.97 to Rs60.70, was the most active stock by value in Pakistan.

The next most-active issues were Dg Khan Cement Co Ltd, which fell 2.13 to Rs41.02, and Engro Corp Ltd, which fell Rs5.42 to Rs102.99.