Trading in Pakistan stays dull amid terror worries

Karachi: The benchmark Karachi Stock Exchange, KSE 100-share on Wednesday ended up 0.70 per cent, or 61.47 points, at 8,905.43 on turnover of 63 million shares.

Dealers said the market remained dull most of the day with investors staying on the sidelines amid worries about the security situation after three bomb attacks this week.

"We saw some buying from local institutions towards the closing hours, which helped the index record a positive closing," said Ashraf Zakaria, a dealer at brokers Ali Hussain Rajabali and Co.

Dealers said with foreigners soon getting ready to go on Christmas and New Year holidays soon, the market was likely to remain range-bound in the near-term.

The Pakistan rupee closed at 84.10/20 to the dollar, down from 84.07/17 a day earlier.