KARACHI, Aug 29 (Reuters) - Pakistan's main stock exchange
closed lower on Thursday, with the benchmark 100-share index of
the Karachi Stock Exchange falling 0.10 percent or 21.60 points
Due to Pakistan State Oil Co Ltd's lower-than-expected
dividend and speculation that the cement cartel may breakdown,
the market remained range-bound.
Although global equity markets breathed a sigh of relief
because of an ease-off in Syrian tension, local investor
sentiments remained weak, dealers said.
D.G.Khan Cement Co Ltd fell 4.11 percent to 77.65
rupees while Pakistan State Oil Co Ltd was down 3.53
percent to 300.89 rupees.
The rupee ended weaker at 104.35/104.40 against the
dollar, compared to Wednesday's close of 103.86/103.93.
Overnight rates in the money market fell to 6.50 percent
from Wednesday's close of 7.75 percent.
(Compiled by the Karachi newsroom)