KSE 100-share Index slips 202 points

KARACHI: Prices of local equities dropped at Karachi Stock Exchange (KSE) as the main 100-share Index lost 202.54 points to close at 23,573.68 on Thursday.
Profit-taking was witnessed mainly in oil, banking and fertilizer sectors while the scrips of telecom and cement closed in the green zone.
According to dealers, MLCF and Fauji Cement closed at their upper ceiling in view of expectations of better earnings in June this year.