Pakistan’s main stock exchange closed lower Tuesday with the benchmark 100 share index falling 0.48 per cent, or 120.21 points, to close at 24,878.68.
Some pressure was seen at the bourse as the benchmark index declined by 120 points.
Participation remained on the lower side while some profit taking was witnessed in Oil and Gas Development Co Ltd (OGDCL) and Pakistan Petroleum Ltd (PPL).
On the other hand, positive news flow regarding PIA’s privatisation attracted renewed investors’ interest.
The Pakistan Petroleum Ltd fell 1.40 per cent to 214.00 rupees while Nishat Mills Ltd was down 1.15 per cent at 115.85 rupees.
The rupee ended at 107.75/107.80 against the dollar, compared to Monday’s close of 108.13/108.18.
Overnight rates in the money market fell to 9.75 per cent from Monday’s close of 10.00 per cent.