Profit-booking dents KSE

KARACHI: Karachi Stock Exchange (KSE) ended lower on Tuesday, as investors sold shares on higher levels to book profits, especially in the fertiliser sector, dealers said.

The KSE benchmark 100-share index ended 0.89 percent, or 106.16 points, lower at 11,762.72. The KSE-index gained 2.66 percent on Monday.

Volume fell to 84.40 million shares compared with 101.13 million shares traded on Monday.

"Profit taking in selected fertilizer stocks created a downward correction in the market," said a dealer.

Fatima Fertiliser ended 4.6 percent lower at 25.30 rupees, while Fauji Fertiliser shed 2.28 percent to end at 189 rupees. (Reuters)