KARACHI - The Karachi Stock Exchange continued to remain in the grip of bears on Thursday with record low volumes as the investors stayed on the sidelines due to lack of immediate triggers. The benchmark KSE-100 share index ended 0.05 per cent, or 5.80 points lower at 11,878.81 on turnover of 4.08 million shares. The KSE market capitalization amounted to Rs3,154.28 billion or $36.83 billion while total trading value was recorded at Rs1.40 billion or $16.31 million respectively. Silk Bank Limited, Jahangir Siddiqui & Co., Lotte Pakistan PTA, Pervez Ahmed and Azgard Nine were the top five volume leaders at the KSE yesterday. The KSE 30-index declined by 7.33 points or 0.06 per cent to close at 11,540.74 points. KSE future volume came at 0.97 million shares and its value was at Rs119.86 million with a spread rate of 6.85 per cent. Bearish activity witnessed with record low volumes on limited institutional and foreign interest as uncertainty loomed over federal budget implications for the corporate sector of Pakistan, said Ahsan Mehanti, Director at Arif Habib Investments Limited. Commodity stocks remained in limelight despite uncertainty over disbursement of IMF tranche of $1.7 billion. Concerns for rising fiscal deficit and uncertainty over SBP policy announcement this week affected the sentiment at KSE despite recovery in US Brent crude oil prices staying over $115, he added.