Pakistan stocks snap record run, lose 116 points

KARACHI: Karachi Stock Exchange(KSE) Thursday snapped its record-making run following a global fall in the equity markets, Geo News reported.

The benchmark 100-share index closed 0.54 percent, or 116.25 points, lower at 21,342.65.

Profit-booking in large cap scrips including Pakistan Petroleum Ltd, Pakistan Telecommunication Company Ltd and Muslim Commercial Bank Ltd was also one of the hits the KSE took on Thursday.

Pakistan Petroleum Ltd decreased by 2.64 percent to Rs216.89 while Pakistan Telecommunication Company Ltd lost 1.19 percent at Rs20.80.

Analysts say institutional buying kept fertilizers green.