KARACHI, Jan 1 (Reuters) - Pakistani stocks closed lower on
Tuesday, partly because major global markets and local banks
But overall 2012 was a good year for the market, which
gained 49 percent and crossed 17,000 points for the first time.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.65 percent, or 110.46 points, lower at
Stocks that ended positively included Mills,
which rose 0.55 percent, or 0.35 rupee, to 64.20 per share and
Engro Foods, which was up 0.22 percent, or 0.22
rupees, to 98.36 per share.
Stocks that fell included Bank of Punjab, down
9.35 percent to 9.70 per share, and Byco Petroleum,
which fell 2.56 percent to 14.08 per share.
In the currency market, the Pakistani rupee ended
steady at 97.18/97.23 against the dollar on Monday.
Overnight rates in the money market ended at 8 percent on
Monday. On Tuesday the currency market and money markets are
closed due to a bank holiday.
(Compiled by the Karachi newsroom)