KARACHI - Stocks closed lower amid profit taking in overbought market. Uncertainty over policy rate announcements, uncertain outcome of ongoing NRO implementation case hearings and concerns for security situation in the country played a catalyst role in bearish sentiments at KSE, analyst observed here on Friday.At local equity market benchmark KSE-100 share index shed 34.57 points or 0.22 percent to close the day’s trading at 15,754.39 points after opening at 15,788.96 points.  Stock Analyst Ahsan Mehanti said hopes for a cut in SBP policy rate invited institutional support in leveraged stocks in cement, textile and fertilizer sectors amid uncertainty over gas shortfall in industrial sector.KSE-Allshare index misplaced 20.26 points or 0.18 percent to end the session at 11,116.24 points, KSE-30 share index lost 89.52 points or 0.67 percent to finish the day at 13,213.86 points while KMI-30 share index vanished 191.14 points or 0.67 percent to finish the day at 28,175.43 points.Bourse traded 145.848 million shares after opening at 137.588 million shares and the value of traded shares mounted to Rs 5.035 billion from 4.885 billion. Equity market capitalisation settled at Rs 3.976 trillion as compared to 3.984 trillion of a day earlier. Trading took place in 335 companies where losers beat the gainer 162 to 146 while the values of 27 stocks remained intact. Nestle Pakistan Limited was the biggest price gainer of the day up by Rs 240 to Rs 5040 followed by Rafhan Maize Prod increased by Rs 100 to Rs 3900. The biggest losers of the day led by Exide (PAK) and ICI Pakistan XD down by Rs 8.03 to Rs 309.97 and Rs 5.90 to Rs 167.15. Nishat Millis Limited was the volume leader of the day with 19.333 million shares as it closed at Rs 61.40 after opening at Rs 60.52. Pace (Pak) Limited was on the second position with 17.865 million shares up by Re 0.29 to lock at Rs 3.49. It was followed by KESC with 12.755 million shares shed by Re 0.79 to close at Rs 5.70, Fauji Cement with 11.888 million shares grow by Re 0.11 to stop at Rs 6.46 and Lafarge Pakistan with 6.882 million shares up by Re 0.14 to end at Rs 5.92.