The Karachi stock market closed lower on Thursday as the Asian Development Bank’s (ADB)
report on weak economic indicators due to rising inflation and fiscal deficit in the country propelled
investors to cut their exposures.
The Karachi Stock Exchange (KSE) 100-share index shed 84.34 points or 0.71 percent to close at 11,848.84
points as compared with 11,933.18 points of the previous session. The KSE 30-share index also lost 55.94
points to close at 11,512.23 points as compared to 11,568.17 points.
Analysts said cement sector remained in the limelight with daily turnover continuing to be on the lower side,
reflecting lack of trust among investors to take part in trading activities
