KARACHI  - Karachi stock market closed bearish amid institutional profit-taking in stocks across the board.

The Karachi stock market benchmark KSE-100 share index shed by 208.22 points or 0.93 percent to end the day at 22150.74 points compared to 22358.96 points of the last working day on Friday.  KSE-Allshare index off by 125.07 points or 0.80 percent to close the day at 15521.62 points, KSE-30 share index decreased by 186.63 points or 1.07 percent to conclude the session at 17235.24 points while KMI-30 share index misplaced 311.33 points or 0.82 percent to finish the day at 37589.06 points.

Analyst said limited foreign interest, volatile global commodities and economic uncertainty impacted the trend amid security concerns in the city. Trade remained mainly in second and third tier stocks as investor remained cautious ahead of federal budget announcements due next week. The day turnover of stock market in term of shares was 277.036 million shares after opening at 340.240 million shares and the value of traded shares was minimised to Rs 8.039 billion from Rs 10.611 billion. The capitalisation of local bourse maintained at Rs 5.339 trillion as compared to Rs 5.390 trillion of the previous session.

During the session trading took place in 387 companies where losers outnumbered the gainers 249 to 116 while the value of 22 stocks remained intact. Bata (Pak) was the biggest loser of the day decreased y Rs 60 to Rs 1740 followed by Pak Services down by Rs 16.40 to Rs 345. Mitchells Fruit and Abbott Lab were the biggest price gainers of the day up by Rs 23.66 to Rs 496.95 and Rs 9.62 to Rs 333.25. Active list was topped by Bankislami Pakistan with 24.796 million shares as it closed at Rs 6.75 after opening at Rs 7.01. PIAC(A) was on the second position with 23.354m shares shed by Re 0.33 to Rs 9.61. It was followed by BO.Punjab (R) with 15.921m shares off by Re 0.72 to Rs 4.17, TRG Pakistan Limited 13.600m shares reduced by Re 0.04 to Rs 11.58 and Fauji Cement with 11.684m shares lost Re 0.06 to Rs 12.06.