KARACHI - Low volume and lack of interest from investors turned the stock market towards bearish spell as KSE-100 index shed another 85 points on Tuesday. The excitement related to the budget and rumors related to imposition of tax on brokerage services impacted the market sentiments. Despite confirmation by FBR and Finance authorities that no new taxes will be imposed on the share business as of upcoming budget, the local equity market continued to give a deserted look. Comprehensive plan outlined by the PM to increase textile exports increased expectations of likely incentive to the textile manufacturers in the upcoming budget, rallying oil prices and participation by foreign players at the local bourses was all positive for the stock market but KSE-100 index continued to drop points, thus, negating the views that the mentioned issues are the main reasons for lacklustre and the local bourses continue to stay indifferent from the positive developments. The market opened marginally in the red zone, showing a loss of 0.05 points and closed the day 85.23 points down at 7,125.11 points. Trading activity was again depressing as compared to the last trading session. The ready market volume squeezed to 83.518 million shares as compared to last trading sessions 112.955 million shares. Total trading value of the market came down to Rs 4.025b on Tuesday from Rs5.638b of last session. Market capitalization remained Rs 2.112tr as compared to Rs 2.137tr. Of 308 actively traded stocks at the KSE, at least 84 cos advanced, 211 declined while the worth of 13 cos remained unchanged. The main stocks were more or less in red color, except for NML and Luck which remain lucky enough not to be in the list of losers. JSCL was the volume leader for the third consecutive day with the trading of 11.325 million shares. Other noted shares include OGDC with 6.942m shares, Azgard Nine 4.717m shares, AHSL 3.521m shares, Adamjee Insurance 3.264m shares, DGKC 3.214m shares , Pak Reinsurance 2.987m shares, Lucky Cement 2.975m shares, Nishat Mills 2.763m shares namely. Nestle Pak was the leading gainer, up by Rs19.75/share with the trading of only 100 shares on Tuesday, Atlas Honda gained Rs5.83/share and closed at Rs122.59, Packages added Rs4.38/share, closing at Rs162.76, GlaxoSmithKline Pak closed at Rs138.61, up Rs3.71/share, Mithchells Fruit added Rs2.50/share and closed at Rs52.50, Premier Sugar gained Rs1.67/share and closed at Rs35.18. Conversely, Mari Gas Company lost Rs7.99/share and closed at Rs151.87, Lakson Tobacco down by Rs7.51/share, closing at Rs172.50, Hinopak Motor lost Rs4.50/share and closed at Rs151.50, Dawood Hercules lost Rs3.81 and its value was decreased to Rs137.10, EFU Life down by Rs3.61/share and closed at Rs116.19, Arif Habib Ltd lost Rs3.41/share and closed at Rs69.02.