Tumbling oil giants take big toll on Karachi Stock Exchange

KARACHI: The Karachi Stock Exchange turned a loss of 1 percent on the rollover day.

On Friday, benchmark 100-Index settled down at 21,698.35-mark after shedding 1.44 percent, or 316.69 points after two oil giants kissed the dust.

Oil and Gas Development Co Ltd fell 1.49 percent to Rs235, while Pakistan State Oil was down 2.41 percent to Rs319.60.