KARACHI (Reuters) The Karachi stock market closed down on Thursday following a fall in world stocks, but rebounded from early losses as bargain hunters accumulated fertiliser shares amid hopes of healthy corporate profits, dealers said. The Karachi Stock Exchanges benchmark 100-share index closed 0.41 percent or 46.34 points lower at 11,264.95 points on turnover of 58.45 million shares. The KSE-index made an intra-day low of 11,107.27 points. Renewed investor interest was seen in stocks with attractive valuations and on hopes of healthy earnings like Engro, said Sajid Bhanji, director at Arif Habib Ltd. Engro Corp, due to announce results on Friday, ended 4.97 percent higher at 136.01 rupees. In the currency market, the rupee ended slightly firmer at 86.30/36 to the dollar, compared with Wednesdays close of 86.32/37, because of higher remittances from overseas Pakistanis. According to official data, remittances rose 38.57 percent to $1.1 billion in the first month of 2011/12 fiscal year, compared with $791.18 million in the same period last year. APP adds from Islamabad: Islamabad Stock Exchange (ISE-10) witnessed bearish trend on Thursday, as the index closed at 2419.88 after losing 40.42 points. Manager of First National Equity Pvt Ltd, M.M. Hassan told APP that foreign institutions remained net buyers but panic selling by local institutions caused the decline in local stock markets. He said that with Qadirpur gas suspension for 2-3 weeks for routine maintenance would likely to exert pressure in fertilizer stocks during coming days. Senior Equity Dealer, Ismail Iqbal Securities Pvt Ltd, Zaheer Ahmed said that scrips of oil and fertilizer sectors remained favourites for investors because of the positive earning of these counters. According to National Clearing Company of Pakistans data, foreign investors took positions in blue chips companies worth US $ 0.934 millions on Thursday, he added. He said that buying of foreign investors showed the positive sentiments in the stock markets in future. Total shares traded on Thursday were 38,600, which were down by 3200 as compared to a day earlier. Out of 93 companies, the price of 53 was increased while the price of 40 decreased. The price of top gainer Millat Tractors was increased by Rs. 27.20 while the price of the top loser Unilever Pakistan decreased by Rs. 119.44. Lotte Pakistan PTA, Bank of Punjab and D.G Khan Cement remained volume leaders here on thursday, with volume of 10,000, 15,000 and 10,000 shares respectively.