Karachi index sheds 172 points

by Bloomberg news
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Karachi: Pakistan's benchmark stock index, the Karachi Stock Exchange 100 Index, fell 0.97 per cent at the close.

The index of 100 companies traded on the Karachi Stock Exchange fell 172.00 to 17,492.83. Among the stocks in the index, 17 rose, 65 fell and 18 were unchanged.

Declines in the Karachi Stock Exchange 100 Index were led by Mcb Bank, United Bank /Pakistan and Engro Corporation.

Engro Corporation, which fell Rs2.75 to Rs116.86, was the most active stock by value in Pakistan.

The next most-active issues were National Bank of Pakistan, which fell Rs1 to Rs51.79, and Bank Alfalah, which fell to 17.30 rupees.



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