Attock Group, Lucky Cement let Karachi stocks down

KARACHI: The apex stock market closed lower on Monday after the Attock group and Lucky Cement failed to deliver the high dividends and bonuses that expectant investors had hoped for.

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.30 percent, or 51.37 points, lower at 17,004.99.

Investors booked profits in all major stocks except for Engro Corporation and Engro Foods. But Engro foods once again closed at its upper limit after excellent result announcement last week, said a dealer.

Fauji Cement was up 3.72 percent to 8.09 rupees per share and Engro Foods rose 5 percent to 105.86 rupees per share.

Maple Leaf Cement was down 2.02 percent to 17.50 rupees per share while Byco Petroleum fell 1.11 percent to 14.21 rupees per share. (Reuters)