Updated :
Friday May 25 , 2012 6:02:33 PM
Pakistan's Karachi Stock Exchange (KSE) closed slightly lower on Friday, with most investors taking no risks on the week's last day of trading, dealers said.
The KSE's benchmark 100-share index ended 0.09 percent, or 11.86 points, lower at 13,925.06 points on volume of 120.4 million shares, compared to Thursday's close of 13,936.92.
"The market failed to close above the 14,000-point level as most of the investors remained on the sidelines ahead of the weekend," said Samar Iqbal, a dealer at Topline Securities.
The Pakistani rupee ended stronger at 91.70/75 to the dollar, compared to 91.90/95 on Thursday.
Overnight rates in the money market ended higher at 11 percent, compared to Thursday's close of 9 percent, because of decreased liquidity in the market.
Pakistan's Karachi Stock Exchange (KSE) closed slightly lower on Friday, with most investors taking no risks on the week's last day of trading, dealers said.
The KSE's benchmark 100-share index ended 0.09 percent, or 11.86 points, lower at 13,925.06 points on volume of 120.4 million shares, compared to Thursday's close of 13,936.92.
"The market failed to close above the 14,000-point level as most of the investors remained on the sidelines ahead of the weekend," said Samar Iqbal, a dealer at Topline Securities.
The Pakistani rupee ended stronger at 91.70/75 to the dollar, compared to 91.90/95 on Thursday.
Overnight rates in the money market ended higher at 11 percent, compared to Thursday's close of 9 percent, because of decreased liquidity in the market.
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