KARACHI, Feb 25 (Reuters) - Pakistan's stock market closed
lower on Monday after companies booked profits, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.30 percent, or 53.77 points, lower at
"Profit taking was seen from selected counters above the key
18,000 points level," said Samar Iqbal, a dealer at Topline
Engro Corporation rose 5.0 percent to 113.83
rupees as news that the company had reached an agreement for gas
supplies from the state-run Oil and Gas Development firm lifted
the share price, dealers said.
D.G.Khan Cement fell 1.12 percent to 62.00 rupees
In the currency market, the rupee ended weaker at
98.15/98.20 against the dollar, compared to Friday's close of
Overnight rates in the money market fell to 8.75 percent
from Thursday close of 9 percent.
(Compiled by the Karachi newsroom)