KARACHI, March 26 (Reuters) - Pakistan's stock market closed
lower on Tuesday, while the rupee weakened against the
dollar, dealers said.
Karachi Stock Exchange's (KSE) benchmark 100-share
index ended 0.50 percent, or 89.76 points, lower at 17,872.15
Oil and Gas Development Company Ltd fell 1.55
percent to 200.99 rupees and Muslim Commercial Bank Ltd
fell 0.67 percent to 190.47 rupees.
In the currency market, the rupee ended weaker at
98.36/98.39 against the dollar, compared to Monday's close of
98.25/98.30. Heavy loan repayment to the International Monetary
Fund (IMF) is raising concern and weakening the rupee, dealers
Overnight rates in the money market remained flat at 9.40
(Compiled by the Karachi newsroom)