Updated 6 minutes ago
KARACHI: Stock prices at Karachi Stock Exchange (KSE) fell on Monday as traders booked profits from last week's rally to a four-year high, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended down 0.72 percent, or 98.44 points, at 13,663.32 points.
The index closed at 13,761.76 on Friday, its highest since May 2008.
Volume fell to 147.84 million shares, compared with 413.94million shares on Friday.
"After a gain of 4 percent last week, investors preferred to book profits," said a stock dealer.
Dewan Cement surged 17.5 percent in the biggest volume of the day, while Lafarge Pakistan closed up0.8 percent.
"Dewan Cement and Lafarge Cement remained in the limelight as investors were hopeful that there will be a turnaround in their profits in 2012," Iqbal said. (Reuters)
REUTERS
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