KARACHI, Dec 31 (Reuters) - Pakistani stocks closed lower on
Monday, although the market gained 49 percent during 2012 and
crossed 17,000 points for the first time.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.22 percent, or 37.86 points, lower at
The market's rise was partly down to a substantial decrease
in the interest rate, said dealer Samar Iqbal at Topline
Stocks that ended positively included Byco Petroleum
, which rose 4.81 percent, or 0.67 rupee, to 14.59 per
share and Bank of Punjab, which was up 10.31 percent,
or one rupees, to 10.70 per share.
Stocks that fell included TRG Pakistan, down 0.7
percent to 5.65 per share, and Fauji Cement, which
fell 0.91 percent to 6.53 per share.
In the currency market, the Pakistani rupee ended
steady at 97.18/97.23 against the dollar, compared to Friday's
close of 97.17/97.23.
Overnight rates in the money market ended at 8 percent
compared to Friday's close of 7 percent.
(Compiled by the Karachi newsroom)