KARACHI, April 12 (Reuters) - Pakistani stocks closed lower
on Friday, pushed down by unconfirmed media reports that the
head of the Securities and Exchange Commission had been removed
from his post, dealers said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.27 percent, or 50.27 points, lower at
Pakistan's central bank said on Friday it was leaving its
key policy rate unchanged at 9.5 percent.
The State Bank of Pakistan said it faced two main
challenges in reaching a policy decision: "to manage the balance
of payment position and to contain the possible increase in
In the currency market, the rupee ended almost steady
at 98.21/98.26 against the dollar, Overnight rates in the money
market remained flat at 9.40 percent.
(Created by Michael Georgy)