Karachi stocks end lower

Karachi Stock Exchange ended down on Thursday, snapping gains from the previous four trading sessions as investors booked gains at higher levels. The Karachi Stock Exchanges (KSE) benchmark 100-share index closed on 61.04 points (0.69 per cent) lower at 8,817.60 on turnover of 204.64 million shares. The KSE-index made its highest close this year on Wednesday at 8,878.64 points and has gained 50.3 per cent this year after losing 58.3 per cent in 2008. There was profit taking as we have seen a bull run in recent days, dealers said. Bank Alfalah was the market leader with increase of 33 paisas per share.