KARACHI - The Karachi stock market closed at its lowest level this year on Tuesday as investors remained cautious ahead of the 2010/11 budget, due to be announced on Saturday. However, the market regained some of its early losses as investors bought shares when the index went below 9,200 points. The Karachi Stock Exchange (KSE) benchmark 100-share index fell 0.35 percent, or 32.34 points, to end at 9,294.18 points on turnover of 94.12 million shares. The intra-day low was 9,164.40 points. The KSE-index ended at 9,233.60 points on Dec. 21, 2009. The KSE 30-index closed at 9182.51 with a loss of 61.15 points. The KMI 30-index closed at 14254.28 with a loss of 57.31 points. All shares index closed at 6515.00 with a loss of 31.90 points. Fall in Asian capital markets, fall in rupee exchange value and law & order concerns in the country played a catalyst role in the negative activity despite renewed foreign interest in oversold oil & gas sector. Trading activity was better as compared to the last trading session as the ready market volume stood at 95.047 million as compared to last trading sessions 60.515 million. Future market volume however stood at 4.25 million shares as compared to 3.493 million shares of last trading session. Market capitalization stood over Rs2.626tr. Total trades increases to 61,871 as compared to last trading sessions 47,330. Some 111 companies advanced, 266 declined and 20 remained unchanged. Highest volumes were witnessed in JSCL at 11.565 million, closed at Rs10.25 with a loss of Re0.74, followed by LOTPTA at 9.865 million, closed at Rs8.12 with a loss of Re0.40, and PTC at 6.022 million, closed at Rs19.55 with no change.