Pakistan stocks Banking and oil firms lead slide

Karachi : Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 0.36 per cent at the close yesterday.

The index of 100 companies traded on the Karachi Stock Exchange fell 36.23 to 9,981.48. Among the stocks in the index, 36 rose, 55 fell and 9 were unchanged.

Declines

Declines in the Karachi Stock Exchange 100 Index were led by Pakistan Petroleum Ltd, Habib Bank Ltd and United Bank Ltd/Pakistan.

Oil and Gas Development Co Ltd, which rose to Rs123.80, was the most active stock by value in Pakistan.

The next most-active issues were Pakistan Oilfields Ltd, which rose Rs1.54 to Rs232.00, and National Bank of Pakistan, which fell to Rs100.99.