Karachi - Pakistan's stocks down by 66 points on continued foreign selling, traders said on Thursday.

The main Karachi bourse's benchmark KSE-100 Index closed at 14,388.52 points against 14,455.29 on Wednesday.

Traders said the low price of Lucky Cement shares in the international market signalled that foreign investors were reluctant to invest in Pakistan.

The Lucky Cement share launch was oversubscribed and raised 109 million dollars through its Global Depository Receipts (GDR), but attracted a lower price as compared with the market price.

"I think political uncertainty and currency concerns are the concerns for foreign investors," said Atif Malik at JS Global.

Pakistan's dwindling foreign exchange reserves and sliding currency rekindles past memories of late 1990s when the central State Bank of Pakistan froze foreign currency accounts.

Dealers said rising imports and low level of inflow of foreign currency in the country was creating worries among both local and foreign investors. (dpa)