KARACHI, Oct 12 (Reuters) - Pakistani stocks closed lower on
Thursday as investors engaged in a pre-weekend sell-off after
the market traded at an all time-high.
The Karachi Stock Exchange (KSE) benchmark 100-share index
ended 0.93 percent, or 146.94 points, lower at 15,698.36 on
total volume of 112.15 million shares.
"The market flirted with its all-time highs. Then, there was
selling from institutional investors, which brought along
selling from retailers," said Suleman Maniya at Al-Meezan
In the currency market, the Pakistani rupee ended
slightly stronger at 95.48/95.68 compared to Thursday's close of
95.50/95.70 to the dollar.
Overnight rates in the money market closed at 7.00 percent
compared to Thursday's 9.90 percent.
(Reporting by Aisha Chowdhry)