KARACHI, March 25 (Reuters) - Pakistan's stock market closed
lower on Monday mainly due to profit taking, dealers said.
Karachi Stock Exchange's (KSE) benchmark 100-share
index ended 0.01 percent, or 1.20 points, lower at 17,961.91
In early trade the market crossed the key 18,000-point
level, with the appointment of caretaker prime minister raising
hopes of political stability, at least in the short term, ahead
of May 11 general elections.
"However, later on due to low volumes some profit taking was
seen. With activity remaining confined towards mid cap stocks,"
said Samar Iqbal of Topline Securities.
Engro Corporation Ltd rose 1.14 percent to 130.79
rupees and Nishat Mills Ltd fell 1.15 percent to 83.48
In the currency market, the rupee ended weaker at
98.25/98.30 against the dollar, compared to Friday's close of
Overnight rates in the money market remained flat at 9.40
(Compiled by the Karachi newsroom)