Markets
Karachi Stock Exchange ends lower
KARACHI : Karachi Stock Exchange (KSE) benchmark 100-share index ended down 1.37 percent, or 167.48 points, at 12,098.
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KARACHI: Karachi Stock Exchange (KSE) benchmark 100-share index ended down 1.37 percent, or 167.48 points, at 12,098.05 on turnover of 64.31 million shares due to a fall in global stocks.
Mounting concerns about a US debt default dragged global stocks down to their lowest level in more than week and drove the dollar to a record low against the safe-haven Swiss franc on Thursday.
In the money market, overnight rates closed at 13.90 percent, unchanged from the previous day's close as there were scheduled outflows of 120 billion rupees ($1.39 billion) against scheduled inflows of 106 billion rupees ($1.22 billion).
Copyright Reuters, 2011
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