LAHORE - Instead of touching the psychological barrier of 10,000, the Karachi Stock Exchange shed a massive 687.15 points to close at 9,150.85 points in current week compared with 9,838 points last week. The average turnover remained 205.284 million shares as compared to 192.190 million shares of the previous week reflecting a significant upward trend of 13.094 million shares. On the other hand, the junior KSE 30-index shed 293.34 points during the week to close at 9,669.62 compared to 186.88 points gained and closed at 9,962.96 points of the previous week. Bears overwhelmed the market almost the whole business week except Tuesday when it gained 157 points on the hope of SBP revision policy. The South Waziristan Agency military operation was the main cause local investors remained sideline and waited for the good days while foreign investors also lost their hope and interest and preferred to off-load. Observing foreign investors policy, local investors also followed their footsteps and sell off their withholdings. With this, on the first day of the business week, investors at the Karachi Stock Exchange lost over Rs 120 billion amid massive decline in the prices of almost all of the blue-chip stocks. It is important to note that Mondays '426 points so-called correction of the local bourse is the worst slump this year so far, while only 75 companies managed to remain in green zone after heavy selling pressure grabbed the market from its opening. The total trading value of the stock exchange fell to Rs 10.288 billion as compared to previous sessions Rs 12.924 billion. Karachi stock market capitalisation decreased to Rs 2.728tr on Monday as compared to last trading sessions Rs 2.848tr on Friday losing over Rs195 billion capital of investors in just one week. Limited foreign interest, foreign outflow from capital markets, institutional profit-taking, fall in local cement prices, Tehran suicide bombing and retail/institutional selling on political and economic uncertainty remained major concerns among investors while security issues in the country played a catalyst role in negative activity at the KSE throughout the week. However, on the other hand, rise in international oil prices to over $80 played an important role in positive activity. Securities (investment) companies, however, continued to invite interest of the local participants thus allowing the companies to keep their top positions occupied in volume leaders. On the first day of the week Monday, the bears paralysed the upward march of KSE towards 10,000 points level as terrorist activities and uncertainty over South Waziristan operation ruined the upward movement of the local equity market. Intense selling turned the KSE 100-index deep red, shedding massive 426 points or 4.34 percent to close at 9,411 points. Mild positive opening faced immense selling pressure mainly in main board stocks wherein price erosion was a prominent feature as the cautious buyers accumulated stocks on discounts. KSE 30-index was also unable to resist the strong opposite winds and shed 478.61 points to close at 9,962.96 points. The business activity took a u-turn on Tuesday at the equity market as the KSE 100-index recovered losses of previous sessions by 157 points to close at 9,645 points. The market players took renewed positions in banking stocks as the SBP revised prudential regulations for consumer-financing, allowing forced sale value deduction against outstanding provision for bank loans. KSE-30 index closed at 10,126.37 points with a gain of 163.41 points. Trading activity was little bit improved as the stock market volume stood at 221.458 million shares as compared to last trading sessions 211.600 million shares. Panic selling grabbed the KSE again on the back of SWA operation, resulting in 321 points or 3.36 percent loss in the KSE 100-index. The benchmark 100-index opened with red numbers on board, showing a loss of 51.91 points and index once dropped to sessions lowest level of 9,232.18 points. However, after shedding huge 321.29 points, market closed the day at 9,247.78 points. KSE 30-index closed at 9,770.23 points with a loss of 356.14 points, once again falling below the 10,000 psychological barrier. Trading activity at the exchange was further decreased to 206.285 million shares. The KSE 100-index loss further 93 points to close at 9,154 points on Thursday as extensive selling continued while investors remained concerned over continuing foreign divestment from local capital market. Strong result announcements and rising global commodity prices supported the market near the end of trading session despite major concerns over security situation in the country on SWA military operation, said an expert. KSE 30-index closed at 9,662.20, showing a loss of 108.03 points. Trading activity decreased a tad bit as the volumes descend to 189 million shares as compared to 204 million shares traded previously. Limited activity restricted local bourse from any big changes on the last trading day of the week on Friday as KSE 100-index shed nominal 3.15 points to close at 9,150.85 points. Confidence expressed by ADB on Pakistans economic stability and improvement in current account deficit reported for September did offer a mild trigger to the local equities. Market volume improved to 195.047 million shares on the last trading day of the week as against 189.18 million shares. KSE 30-index managed to remain positive in the end and closed at 9,669.62 points.