KSE benchmark 100-share index sheds 105 points

KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index ended 0.65 percent, or 105.22 points, lower at 16,051.14.

Stocks closed lower on Tuesday after settling at record highs the past two sessions.

In the currency market, the rupee weakened ahead of scheduled repayments to the International Monetary Fund later this month. It ended at 96.24/96.29 to the dollar, compared to Monday's close of 96.12/96.18.

Overnight rates in the money market ended at 7.00 percent compared to Monday's 7.50 percent. (Reuters)