The stock market failed to maintain the psychological barrier of 7,000 on the last trading day of the month despite the fact that Shahbaz Sharif got back his office as the KSE-100 index lost 155 points on account of intense selling pressure. Retail and institutional investors preferred profit taking as the results announcement session ended. Market started tumbling after a long bullish momentum, which gained around 22.5pc during the month of March. The KSE-100 Index opened in the green zone, gaining 28.51 points and at the end of the day closed at 6,860.22 with a loss of 154.59 points. Trading activity showed a decline as the ready market volume stood at 314.266mn shares as compared to last trading sessions 330.189mn shares. Market Capitalisation amounted to Rs 2.057 trillion on Tuesday against Rs 2.103 trillion on Monday. Slump in International Equity markets, uncertainty over discount rate cut affected investor sentiment negatively. Out of 377 active symbols at KSE , 147 companies advanced, 218 declined and 12 remained unchanged. Total trading activity of the market climbed up to 14.849 billion rupees against 9.334 billion rupees of last trading session. E&P giant OGDC was witnessed as the volume leader of the day with the trading of nearly 23 million shares. Among other high-traded shares were NBP with 15.456m shares, Jahangir Siddiqui 13.627m shares, DGKC 12.964m shares, Hub Power 11.620m shares, NIB Bank 11.270m shares, Pak Oilfield 9.971m shares, Engro Chemical 9.573 million shares, PTCL 9.296 million shares, Nishat Mills 8.592 million shares namely. PSO and OGDC boosted the market activity on Tuesday. Major gainers at the KSE include Fazal Textile Limited and it gained 20.19 rupees/share, closing at Rs424.08 with the trading of only 200 shares, Wyeth Pakistan added 19 rupees/share and closed at Rs1388, Nestle Pakistan gained 16.52 rupees/share and its value was improved to Rs1175.90, Bata Pakistan gained 8.05 rupees/share and closed at Rs653.80, Lakson Tobacco gained 7.96 rupees/share taking its value to Rs167.21, Treet Corporation also gained 6.65 rupees/share and closed at Rs139.84, Mari Gas Company gained 6.35 rupees and closed at Rs135.13. On the other hand, Colgate Palm lost 13.77 rupees/share, closing at Rs261.74, Attock Petroleum lost 13.76 rupees/share and closed at Rs275.71, Unilever Pakistan (SPOT) lost 9.50 rupees/share and closed at Rs1900 with the trading of only 20 shares, Packages Ltd also lost 9.10 rupees and its value was decreased to Rs173.09, Shell Pakistan lost 8.60 rupees/share and closed at Rs243.57, National Refinery lost 7.86 rupees, closing at Rs161.46. On the last day of month, correction is more or less justified keeping in view the quantum of gains. Investors are optimistic about the volume build up during the month, which averaged around 180mn compared to yearly average of 121mn. Lot of investors will be having a catch 22 position, when they are unable to decide which way to move forward, whether to buy or say Good bye for time being. I dont think the bearish spell has just begun as valuable stocks are still available to be grabbed and upside room is available. During such a phase do what great investors do, and wait for better price levels for further accumulation, expressed Shahid Ali, CEO HMFS.