KARACHI, March 4 (Reuters) - Pakistan's stock market closed
lower on Monday, dragged down by violence in commercial capital
Karachi, where a suspected suicide bomber attacked Shi'ite
Muslims on Sunday, killing 45 people, traders said.
The Karachi Stock Exchange's (KSE) benchmark
100-share index ended 0.29 percent, or 52.06 points, lower at
Some profit taking also weighed on the market, and a decline
in international crude oil prices pushed down oil and gas
exploration company shares.
Oil and Gas Development Company Ltd fell 0.61
percent to 206 rupees, while Lotte Pak rose 6.22
percent to 7.69 rupees.
In the currency market, the rupee was almost steady
at 98.13/98.18 against the dollar, compared to Friday's close of
Overnight rates in the money market rose to 9.25 percent
from Friday's close of 9 percent.
(Compiled by the Karachi newsroom)