Oil firms, banks lead decline on benchmark

Karachi: Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 1.36 per cent at the close of trade yesterday.

The index of 100 companies traded on the Karachi Stock Exchange fell 191.06 to 13,880.79. Among the stocks in the index, 17 rose, 72 fell and 11 were unchanged.

Declines in the Karachi Stock Exchange 100 Index were led by Oil & Gas Development Co, Mcb Bank Limited and Fauji Fertilizer Co Ltd.

Active stocks

Engro Corp Ltd, which fell Rs5.68 to Rs108.02, was the most active stock by value in Pakistan. The next most-active issues were Pakistan Oilfields Ltd, which rose Rs5.66 to Rs371.05, and Fauji Fertiliser Co Ltd, which fell Rs4.34 to Rs108.72.