Business

KARACHI (Staff Report) – Pakistan Stock Exchange closed lower than its previous level on last day of the week.

The benchmark 100-share index of the Pakistan Stock Exchange ended 1.27 percent lower at 36,940.88 points.

Pakistan’s stock exchange was dropped from the MSCI Emerging Markets Index in 2008 but the country has in recent months launched a final push to get back in so it can vastly expand its pool of potential investors.

Volume fell 22 percent to 109 million shares while value rose 3 percent to 7 billion rupees.