KARACHI, March 18 (Reuters) - Pakistan's stock market closed
lower on Monday, mainly dragged down by banking stocks, dealers
Karachi Stock Exchange's (KSE) benchmark 100-share
index ended 0.98 percent, or 172.83 points, lower at 17,492.00
Bank Alfalah Ltd and United Bank Ltd closed at its lower
limit while Muslim Commercial Bank declined 4.5 percent.
United Bank Ltd fell 4.65 percent to 85.30 rupees,
while Muslim Commercial Bank Ltd was down 4.47 percent
to 183 rupees.
In the currency market, the rupee ended weaker at
98.10/98.16 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)