Pakistan stocks close lower, rupee weakens, o/n fall

Last Updated: Thu, Jun 20, 2013 14:40 hrs

KARACHI, June 20 (Reuters) - Pakistan's stocks closed lower on Thursday, with across the board selling pressure and profit-taking in some large-cap stocks, dealers said.

The Karachi Stock Exchange's benchmark 100-share index closed 0.55 percent lower at 22,015.04.

Fauji Cement Co Ltd fell 2.73 percent at 13.18 rupees, while Bank of Punjab was down 2.75 percent at 14.50 rupees.

The rupee ended weaker at 98.80/98.85 against the dollar, compared to Wednesday's close of 98.65/98.70.

Overnight rates in the money market fell to 8 percent from Wednesday's close of 8.50 percent. (Compiled by the Karachi newsroom)

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