KARACHI - Selling activity interrupted the upward march of the Karachi Stock Exchange as institutional profit-taking and limited foreign interest restricted the KSE 100-index to 9,741 points with a loss of 95 points on Thursday. Bears were quite visible during the early trading hours, triggered by ongoing argument on conditions attached with US aid having the capacity of inviting turbulences in the political environment while increase in T-Bill yields and increase in M-2 growth, indicating an extension in stringent monetary policy and the opinion of likely 10 per cent correction expressed by foreign fund as a topping added to the pressure and the index under went a mild adjustment. Oil sector witnessed selling as international oil slipped below $70 on dollar strength. Moreover, limited interest in cements and banks provided support to the overbought market while investors at the local bourse remained concerned over ongoing rift over Kerry-Lugar Bill, rising domestic debt on huge government borrowings and uncertain economic conditions. The KSE 100-index started the trading activity in green zone, up by 44.95 points while benchmark once dropped to days lowest level of 9,705.58 points on Thursday. However, index closed the day at 9,740.87 points, showing a loss of 95.63 points. Meanwhile, junior KSE-30 index lost 162.41 points to close at 10,345.94 points. Share trading activity was down again as the ready market turnover squeezed to 322.666 million shares as compared to last trading sessions 343.734 million shares. Total trading value of the KSE further increased to Rs 18.439b against last sessions Rs 17.838b. Market capitalisation decreased to Rs 2.828tr as compared to Rs 2.853tr of last session. Out of 428 actively traded scrips at the stock exchange, at least 164 managed to advance, 237 declined while the worth of the shares of 27 cos remained unchanged. The local participants aggressively accumulated main board stocks of oil and gas exploration stocks leading cement sector stocks and banking sector stocks besides other group specific stocks, thus allowing the index to consolidate despite the fact that the benchmark is hovering around yet another major level, that will turn the index valuation to five digit, likely to be achieved only with the developments leading introduction of ready board leverage, as the growing expectation of an early approval by the Securities and Exchange Commission of Pakistan played its part in keeping the momentum positive. Moreover, slight whisper regarding likely increase in FSV added fuel to the banking stocks. After a long gap, cement giant DGKC was crowned as the volume leader with a healthy turnover of 28.346 million shares, followed by Lucky Cement with 27.233m shares, JSCL 19.497m shares, NBP 18.531m shares, Bank-Al-Falah 17.542m shares, UBL 12.334m shares, AHSL 11.910m shares, Pak PTA 8.354m shares, Adamjee Insurance 7.385m shares, NML 6.863m shares namely. Rafhan Maize topped the volume leader list, up by Rs35.25/share to close at Rs1,637 with the trading of only 2 shares, Mari Gas Co added Rs15.51/share and its value was improved to Rs325.90, Al-Ghazi Tractor gained Rs12.18/share, closing at Rs255.96, Hinopak Motor up by Rs11.82/share and closed at Rs248.38, Services Industries added Rs10.47/share to close at Rs225.87. Siemens Pak Engineering, on the other hand, lost massive Rs75/share to close at Rs1,425 with the trading of only 1 share, Unilever Pak down by Rs25.70/share and its total value was decreased to Rs2,269.80, Millat Tractors lost Rs15.40/share, closing at Rs474.65, Treet Corporation down by Rs13.16/share and closed at Rs250.10, ICI Pak lost Rs9.61/share to close at Rs182.60. With the index flirting with 10,000 points level, the local participants did opt for short term trade thereby leading to a highly volatile closing hours. The benchmark witnessed a movement of 230 points, said analyst Hasnain Asghar Ali.