KARACHI: Pakistan’s main stock exchange closed lower as the benchmark 100-share index of the Karachi Stock Exchange fell 0.06 percent or 14.59 points to 23,673.30 amid rumors that central bank may increase the interest rate later this month. And there was some profit taking also, dealers said.
Oil and Gas Development Co. fell 1.26 percent to 260.12 rupees while Engro Foods Ltd. was down 0.28 percent at 121.45 rupees.
The rupee ended weaker at 102.77/102.82 against the dollar, compared to Thursday’s close of 102.65/102.70.
Overnight rates in the money market rose to 8.75 percent from Thursday’s close of 6.50 percent.
Gold traded at Rs111,000 per tola in Pakistan on February 13
KARACHI: A single tola of 24-karat gold in Pakistan was sold for Rs111,000 on Saturday, February 13, at the opening...
