KARACHI  - Profit-taking continued at Karachi Stock Exchange on consolidation following global commodities and equities selloff this week.
The KSE benchmark 100-share index shed 99.35 points or 0.33 percent to end the day at 29883.10 points compared to 29982.45 points of the previous day.
KSE-Allshare index off by 64.17 points or 0.29 percent to stop the trading at 21994.75 points, KSE-30 index misplaced 75.91 points or 0.38 percent to conclude the session at 19921.67 points while KMI-30 index fell by 288 points or 0.60 percent to finish the trading at 47994.10 points.
Ahsan Mehanti analyst at Arif Habib Corp said limited foreign interest, uncertainty over SOEs privatisation proceedings and dismal earnings outlook in telecom sector over falling LDI revenues on ICH withdrawal played a catalyst role in bearish activity.
Market traded 159.550 million shares after opening at 239.054 million shares and the value of traded shares was climbed to Rs 7.256 billion from Rs 9.587 billion while the capitalisation of the market maintained at Rs 6.954 trillion compared to Rs 6.976 trillion of a day earlier.
Out of 405 companies 152 closed in positive and 238 in negative and the value of 15 stocks remained intact. Colgate Palmolive and Rafhan Maize were the biggest price gainers of the day up by Rs 72.55 to Rs 1523.55 and Rs 65.57 to Rs 11400. Bata (Pak) and Phillip Morris Pak were the top price losers of the day decreased by Rs 44.01 to 3662.49 and Rs 25.73 to Rs 800.
Samar Iqbal AVP at Topline Securities said market remained range bound as investors continued trimming their portfolios. Oil stocks saw some relief after international oil prices retreated. PTC remained under pressure after disappointed result announcement yesterday, she added.  Volume chart was led by PTCL with 22.163 million shares as it closed at Rs 22.15 after opening at Rs 22.70. Ghaini Automobile was the second highest on volume chart with 13.513 million shares shed by Re 0.65 to Rs 6.41.
It was followed by Pevez Ahmed 8.147 million shares off by Re 0.13 to Rs 3.62, Dewan Motors with 4.628 million shares fell by Re 0.32 to Rs 10.10 and JS Company with 4.590 million shares off by Re 0.18 to Rs 10.07.