KARACHI - Another dull session was witnessed in the market due to absence of any new flows, resultantly market went in negative territory as investor preferred to book profit rather than taking fresh positions. Declining value of Pak-rupees against US dollar also affected market sentiments. Trading volume squeezed to mid cap stock which includes JSCL, MLCF and SNGP. No outcome of the ECC meeting dragged Engro Corporation in the negative zone, dealers observed here on Tuesday. At local equity market benchmark KSE-100 share index shed by 85.85 points or 0.51 percent to stop the day at 16,701.69 points as compared to 16,787.54 points. KSE-Allshare index shed by 48.19 points or 0.41 percent to close the day at 11,808.34 points, KSE-30 share index decreased by 58.05 points or 0.43 percent to stop the day at 13,542.02 points while KMI-30 share index off by 47.04 points or 0.16 percent to conclude the day at 28,570.09 points.

Experts said concerns for economic uncertainty, fall in global commodities, fall in rupee dollar parity to record low and uncertainty over the country’s stance for IMF new programme affected the sentiments despite hopes for a rate cut in next monetary policy due this week and $5.98 billion remittances in the country.  Market traded 127.047 million shares as compared to 189.105 million shares of the last working day and the value of traded shares was minimised to Rs 3.483 billion from Rs 4.062 billion. Stock market capitalisation settled at Rs 4.193 trillion as compared to Rs 4.210 trillion a day earlier.

Trading took place in 369 companies where losers out numbered the gainers 254 to 95 while the value of 20 stocks remained intact. Unilever Pak was the top gainer of the day up by Rs 96.83 to Rs 9897.83 followed by Sanofi Aventis Pak up by Rs 16 to Rs 368. Bata (Pak) and Nestle Pakistan Ltd were biggest losers of the day, down by Rs 80 to Rs 1530 and Rs 40 to Rs 4800.  JS Company was the volume leader of the day with 13.893 million shares as it closed at Rs 17.26 after opening at Rs 17.83. It was followed by Maple Leaf Cement with 8.859 million shares. It was followed by Sui Northern Gas with 7.794 million shares shed by Re 0.84 to Rs 23.41, Fauji Cement with 7.209 million shares misplaced Re 0.13 to Rs 6.45 and Engro Foods Limited with 5.590 million shares up by Re 0.98 to Rs 93.55.