KSE retreats to a month-low

KARACHI: Karachi Stock Exchange (KSE) ended on a more than one-month low on Tuesday as investors, taking cue from foreign selling last week, booked profits at higher levels, especially in fertilizer shares.

The KSE benchmark 100-share index fell 0.07 percent, or 7.96 points, to end at 11,517.29, its lowest close since Sept. 19.

Volume was 69.22 million shares compared with 82.12 million shares traded on Friday.

"After foreign selling last week investors preferred to bookprofit at higher levels especially in fertilizer stocks," said a top dealer.

Fauji Bin Qasim ended 0.16 percent lower at 62.25rupees while Engro Corp ended 4.51 percent lower at115.85 rupees. (Reuters)