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Foreign and KSE

KARACHI: Karachi Stock Exchange (KSE) ended on a more than five-week low on Wednesday mainly on foreign selling of fertilizer shares, dealers said.

The KSE benchmark 100-share index fell 1.13 percent, or 130.07 points, to end at 11,387.22, its lowest close since Sept. 19.

Volume was 80.94 million shares compared with 69.22 million shares traded on Tuesday.

"Continuous foreign selling resulted in market declining by approximately one percent in spite of good corporate results," said Samar Iqbal, dealer at Topline Securities Ltd.

Foreign investors sold shares worth a net $3.865 million on Tuesday.

Fatima Fertiliser, volume leader, shed 1.42 percent to end at 24.30 rupees and Fauji Bin Qasim ended 4.98 percent lower at 59.18 rupees. (Reuters)
 

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