KSE 100-share index loses 159.90 points

KARACHI: The KSE benchmark 100-share index fell 1.37 percent, or 159.90 points, to end at 11,525.25, its lowest close since Sept. 20.

Volume was 82.12 million shares compared with 75.41 million shares traded on Thursday.

Stocks ended on a one-month low on Friday.

"The local bourse closed to the lowest in four weeks on the back of selling by foreign fund managers," said Samar Iqbal, dealer at Topline Securities Ltd.

In the currency market, the rupee weakened to 86.82/87 to the dollar, compared with the previous day's close of 86.70/76, amid increased import payments.

The rupee firmed in the previous trading sessions on healthy remittances from Pakistanis living abroad, but dealers said a widening current account deficit means that the local currency could experience downward pressure in days ahead. (Reuters)