KSE 100-index ends lower on 2nd consecutive day

Karachi: The Karachi Stock Exchange (KSE) benchmark 100-index ended 0.13 percent, or 17.99 points, lower at 14,063.08 on volume of 103.3 million shares.

Stocks fell for a second day running on Thursday with confidence hit by two days of consecutive net selling by foreign investors and concerns about regional markets, analysts said.

"The mood in the market was dull because of concerns that other markets in the region aren't doing so well, and also because of selling by foreign investors for the last two days," said a research analyst at the JS Global financial services company.

Foreign investors sold shares worth a net $1,674,866 on Wednesday, and $3,487,911 on Tuesday, according to the National Clearing Company of Pakistan. (Reuters)