KARACHI, June 21 (Reuters) - Pakistan's main stock index
closed more than 1 percent lower on Friday, dragged downwards by
sharp losses in two heavyweights, the Oil and Gas Development Co
Ltd and the Pakistan State Oil Co Ltd.
The Karachi Stock Exchange's benchmark 100-share
index closed 1.44 percent, or 316.69 points, lower at 21,698.35.
Oil and Gas Development Co Ltd fell 1.49 percent
to 235 rupees, while Pakistan State Oil was down 2.41
percent to 319.60 rupees.
The rupee ended weaker at 98.88/98.93 against the
dollar, compared to Thursday's close of 98.80/98.85.
Overnight rates in the money market rose to 9.40 percent
from Thursday's close of 8 percent.
(Compiled by the Karachi newsroom)