KSE goes down with oil giant OGDC

KARACHI: The local capital market ended lower on Thursday, in line with market heavyweight Oil and Gas Development Company Limited (OGDCL), traders said.

The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.27 percent, or 41.83 points, lower at 15,357.59, on total volume of 86.62 million shares.

The Oil and Gas Development Company Limited lost 0.74 percent to close at 176.00 rupees.

"With low volumes, activity remained confined in mid cap stocks particularly in cement sector. Although the index closed in negative primarily on account of decline in index heavyweight OGDC, cherry picking was seen in cement stocks amid improved dispatches for the month," said a dealer.(Reuters)