GEO 436 KARACHI: The Karachi Stock Exchange’’s benchmark 100-share index (KSE-100) fell in dull trading on Monday and dealers said investors were likely to be cautious until there is clarity on the fifth tranche from the International Monetary Fund or until the budget is announced. KSE-100 index ended 0.37 percent, or 38.66 points, lower at 10,389.46. Volume was 67 million shares, compared with 96.88 million shares traded on Friday. “Today’’s volume at KSE was the lowest in 2010,” said Mohammed Sohail, chief executive at Topline Securities Ltd. Net foreign portfolio outflow of $710,949 on Friday also prompted selling by local investors, dealers said. Dealers said investors were cautious as they were waiting for the approval of the fifth tranche from the IMF. The IMF board will likely meet in mid-May to consider the next tranche of Pakistan’’s $11.3 billion loan, a source close to talks between IMF officials and the government said last month.
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