KARACHI (Reuters) - The Karachi stock market closed lower on Wednesday as investors sold fertiliser shares, but losses were restricted as bargain hunters accumulated shares of heavyweight OGDCL, dealers said. The KSE 100-share index ended 0.14 percent, or 16.63 points, lower at 11,746.09. Volume fell to 63.86m shares compared with 84.40m shares traded on Tuesday. "Reduction in the urea price by Engro fertilizer and uncertainty on gas allocation to fertilizer plants kept fertilizer stocks under pressure," said Samar Iqbal, a dealer at Topline Securities. "However, a 1.79 rupees gain in heavyweight OGDCL saved the index from falling further." OGDCL rose 1.23 percent to end at 147.50 rupees. APP adds from Lahore: Lahore Stock Exchange shed 13.91 points on Wednesday as LSE 25-index closed at 3,148.40 points. Market's overall situation also did not correspond to an upward trend as it remained at 1.379 million shares to close against previous turnover of 2.571 million shares, showing a difference of 1.192 million shares. While, out of the total 100 active scrips, 17 moved up, 68 remained equal and 15 shed values. National Refinery Limited, Attock Refinery Limited and Engro Foods Limited were major gainers of the day by recording increase in their per share value by Rs 7.16, Rs 1.50 and Re 0.74 respectively. Fauji Fertilizer Company, Pakistan Oil Fields Limited and Pakistan Petroleum Limited lost their per share value by Rs 7.92, Rs 4.20 and Rs 1.50 respectively.