| GEO Business|
| KSE-100 Index slips 38 points|
| Updated at: 1925 PST, Thursday, August 05, 2010|
KARACHI: The local stocks ended lower on Thursday in thin trade as investors remained cautious of the prevailing law and order, economic and political situation, dealers said.
The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.37 percent, or 38.55 points, lower at 10,351.72on turnover of 55.74 million shares.
Dealers said investors are still worried about the law and order situation in Karachi," said Sajid Bhanji.
At least 80 people have been killed in Karachi since Monday, after the murder of Raza Haider, a lawmaker in the Muttahida Quami Movement (MQM) party, a dominant political party.
Dealers said there were also concerns on what impact the floods in Pakistan may have on the political and economic environment. It is a fragile situation in terms of political, the economy and the law and order situation, they added.
Pakistan's biggest floods in 80 years threaten to inflict widespread suffering in Sindh province after the unpopular government led down millions of people ravaged by the disaster in other parts of the country.