KARACHI - Stocks fell across the board amid thin trade on fears for possible foreign selling in emerging markets as US debt default looms, major fall in global stocks and commodities, equity analyst Ahsan Mehanti observed here, on Wednesday.
The Karachi stock market benchmark KSE-100 share index misplaced 423.25 points or 1.92 percent to end the day at 21657.22 points compared to 22080.47 points of the previous day.
Renown equity dealer Zafar Motti said data for first quarter 2013 and IMF indications for likely higher inflation in Pakistan impacted the sentiments on Karachi stock market.  KSE-Allshare index decreased by 256.46 points or 1.60 percent to end the day at 15767.21 points, KSE-30 share index shed by 339 points or 2.02 points to end the day at 16419.32 points while KMI-30 share index decreased by 753.42 points or 2.01 percent to conclude the session at 36759.88 points. 
Shares of 346 companies exchange hand on Wednesday where losers outnumbered the gainers 264 to 59 while the value of 23 stocks remained intact. Rafhan MmaizeXD and Wyeth Pak Limited were the biggest price gainers of the day increased by Rs 250 to Rs 5450 and Rs 175 to Rs 4300. Colgate Palmolive and Island Textile SPOT were led the down hill trend decreased by Rs 65.75 to Rs 1420 and Rs 44.60 to Rs 857. Hub Power Company was the day volume leader with 12.899 million shares as it closed at Rs 60.65 after opening at Rs 63.82. It was followed by Bank of Punjab with 7.726 million shares shed by Re 0.46 to Rs 10.31, Telecard Limited with 7.593 million shares reduced by Re 0.60 to Rs 5.19, Fauji Cement with 6.422 million shares off by Re 0.31 to Rs 10.36 and PTCLA with 5.381 million shares decreased by Re 0.76 to Rs 25.36.