Benchmark 100-share Index drops 43 points

(batkhela.tk)

KARACHI: Stocks at Karachi Stock Exchange (KSE) ended lower in thin trade taking a cue from world markets, dealers said. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.36 percent, or 43.02 points, lower at 11,894.79on turnover of only 31.1 million shares. Fears about out-of-control government debt on both sides of the Atlantic swept across financial markets again on Monday, knocking stocks sharply lower and pushing up prices of bonds deemed to be safe havens. "A major fall in global stocks and commodities on U.S. and Europe debt fears affected the sentiment on the local bourse," said a stock dealer. (Reuters)