Stocks close 104 points down on profit taking at KSE

KARACHI: Stock prices dropped at Karachi Stock Exchange (KSE) as investors booked profits after corporate earnings were announced.

The Karachi Stock Exchange (KSE) benchmark 100-share index closed at 0.69 percent, or 104.86 points, lower at 15,188.53, on total volume of 181.29 million shares.

"Stocks ended lower because of post major corporate earning announcements. Investors preferred to book profits," said a stock dealer. (Reuters)