KARACHI - The Karachi stock market fell on Friday, despite the International Monetary Fund extending $450 million in emergency aid, after Moodys Investors Service downgraded its outlook on five of the banks to negative. The KSE 100-index closed at 9,703.06 points with a loss of 59.83 points. The KSE 30-index closed at 9703.06 points with a loss of 87.08 points. The KMI 30-index closed at 15006.17 with a loss of 127.35 points. All shares index closed at 6777.91 with a loss of 40.49 points. Trading activity was less as compared to the last trading session as the ready market volume stood at 37.515 million as compared to last trading sessions 43.817m. Future market volume however stood at 1.040m shares as compared to 1.891m shares of last trading session. Market capitalization stood over Rs2.712 trillion. 100 companies advanced, 176 declined and 23 remained unchanged. Highest volumes were witnessed in JS large Cap at 2.080 million, closed at Rs5.00 with same rate, followed by Jah Sid at 1.551 million, closed at Rs10.01 with a loss of Re0.05, and Lotte Pakistan at 1.132 million, closed at Rs8.09 with a loss of Re0.20. The analyst said sell-off in high priced stocks and the main board stocks of the sectors likely to bear financial, infrastructural and production losses due to ongoing flooding, painted the screen red. Reflection however came towards the end. They added that the sellers did not even wait for buyers on intervals, offers at available rates, regardless of the price levels led to yet another session of low volume price erosion. They said that with the only trigger, re-launching of ready board leverage in the doldrums, the liquid locals, both retail and corporate, stayed on hold for accumulation, since for the local bourse to trade without leverage adjusted levels and lower multiples will be awaited. With almost all the fronts on macro, economic, political, law & order, social and geo-political posing severe threats, less is in offing for the equity market investors. They further said that while corporate participants comfortable in debt market, the retailers are likely to move towards less riskier assets, thereby disallowing increase in number of participants at the local bourse.