KARACHI - Pakistani stocks closed lower on Tuesday, with the Karachi Stock Exchange 100-share index closing down 0.81 percent or 268.87 points at 33,035.77.
"Investors focus remained converting future positions to next futures contracts," said Mohammad Rizwan at Topline Securities. "Investors also remained concerned about the news that the National Accountability Bureau had recommended to the Federal Board of Revenue to collect data about sources of investment."
The market witnessed profit-taking on Tuesday, resulting in it closing down. "Engro Foods Lts announced March quarter results, beating analyst expectations," said Khurram Shahzad, an analyst at Arif Habib Securities.
Engro Foods Ltd was up 5 percent to 150.61 rupees, while Engro Corporation Ltd was down 1.14 percent to 287.50 rupees.
The rupee ended weakens at 101.57/101.62 against the dollar, compared with Monday's close of 101.49/101.54.
Overnight rates in the money market fell to 6.00 percent from Monday's close of 7.50 percent. - Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔