KARACHI: Pakistani stocks fell on Tuesday, with volume striking a 13-month low, as investors stayed on the sidelines amid concerns over security in Karachi, Pakistan's financial hub.
Shortened trading hours during the holy month of Ramadan also contributed to the drop in trade.
"Volumes at Karachi Stock Exchange touched a 13-month low as investors remained out of market with the inception of Ramadan," said Samar Iqbal, a dealer at Topline Securities.
The Karachi Stock Exchange's benchmark 100-share index ended 0.22 percent, or 27.06 points, lower at 12,226.33 on turnover of 14.94 million shares.
Dealers said investors were also cautious following the killing of another 26 people over the past 24 hours in the southern port city.
The Karachi Stock Exchange (KSE) will open at 9:15 a.m. and close at 2:00 p.m. from Monday to Thursday, and at 1:00 p.m. on Fridays, throughout Ramadan.
Banks were closed on Tuesday.
Copyright Reuters, 2011
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