KARACHI - The stock market ended lower as investors booked profits after the KSE 100-index crossed the 10,000-point barrier for the second consecutive day. The Peshawar blast and uncertainty over NROs political implications also hit the market sentiment. The KSEs benchmark 100-share index, which opened in the red zone with a loss of 9.21 points, ended down 0.5 percent, or 49.67 points, at 9,904.74 on turnover of 216.63m shares and after hitting an intraday high of 10,012.14. The KSE 30 index closed at 10441.05 with a loss of 62.14 points. All shares index closed at 7013.69 with a loss of 36.69 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 296.332m as compared to last trading sessions 218.146m. Future market volume, however, stood at 2.661m shares as compared to 1.553m shares of last trading session. Market capitalization stood over Rs2.845tr, as total trades increased to 134,091 as compared to last trading sessions 102,644, while 139 companies advanced, 244 declined and 16 remained unchanged. Highest volumes were witnessed in LOPTA at 42.683m closed at Rs10.24 with a loss of Rs0.10 followed by BAFL at 34.142m closed at Rs14.19 with a gain of Rs0.21, JSCL at 25.950m closed at Rs32.79 with a gain of 0.13. Ahsan Mehanti, a market analyst, said that uncertainty over new oil pricing formula for OMCs and refineries remained a major concern for investors. The news that affected the trading activities at the market were; the Supreme Court of Pakistan released the detailed judgment in the National Reconciliation Ordinance (NRO) case; countrys current account deficit for the first half of the current fiscal year (1HFY10) was at $1.758 billion compared with a deficit of $7.846b in the same period last year; and refineries, OMCs reject sliding margin formula. Moreover, the leading producer of fertilizer, Engro, has increased DAP prices by Rs290 per 50 kg bag to Rs2,200 per 50kg bag following its increasing prices in the international market amid growing domestic demand; and strong demand for dollars pushed the rupee sharply lower on the currency market also have impacts on the market. The likely impact of NRO verdict on the political set up did increase nervousness, led by selling in main board stocks mainly those carrying reservations over payout and revenues, the benchmark trimmed at a rapid pace. However, the unconfirmed news that foreign group bank might become the likely buyer for RBS besides the news that the bank is close to getting its strategic asset listed at the local bourse, thus allowing the stock to lead the turnover. Hasnain Asghar Ali, a market expert, said, The issues likely to raise their heads in short term and the events most likely to carry below expectation results, adding the likely chain reaction of the recent judicial action (in short run) restricted horizon of the huge activity to day trades as visible by day end squaring.