KARACHI - Investors remained cautious ahead of July 12 Court hearing that is why volumes also remained low, dealer at local equity market observed here on Wednesday.

At local equity market benchmark KSE-100 share index marginally added 6.12 points or 0.04 percent to stop the day’s trading at 14,380.46 points as compared to the 14,374.34 points a day earlier.

Equity expert Samar Iqbal said DGKC remained in the limelight as investors were eager to evaluate its profitability for the year ending June 2012. Engro Foods also posted some gain ahead of its June quarter results.

KSE-Alshare index higher by 6.75 points or 0.07 percent to close the day at 10,108.41 points, KSE-30 share index shed by 12.50 points or 0.10 percent to conclude the day’s trading at 12,486.84 points while KMI-30 share index misplaced 21.61 points or 0.09 percent to end the day at 24,830.56 points.

Stock analyst observed profit-taking witnessed in the corporate earning announcements session at KSE as global markets uncertainty persists. Institutional support witnessed in blue chip stocks on improvement in Pak-US relations and speculations ahead of SECP chairman visit to KSE.

Stock market traded 80.603 million shares after opening at 82.530 million shares and value of traded shares was minimised to Rs 2.372 billion from Rs 3.782 billion. The stock market capitalisation climbed to Rs 3.663 trillion from Rs 3.660 trillion of the previous session.

Trading took place in 375 companies where 132 closed in positive and 121 in negative while the values of 122 companies were not changed. Colgate Palmolive and Rafhan Maize Products were the top price gainers of the day increased by Rs 47.65 to Rs 1150.00 and Rs 33.00 to Rs 3100.00. The biggest losers were led by Nestle Pakistan Ltd and Island Textile decreased by Rs 54.65 to Rs 4012.50 and Rs 11.27 to Rs 216.01. Active list was again topped by Dera Ghazi Khan Cement with 8.827 million shares as it closed at Rs 42.94 after opening at 43.60 shed by Re 0.66. JS.Co was on the second position with 7.545 million shares higher by Re 0.21 to Rs 14.32. It was followed by Engro Foods Limited with 6.799 million shares up Re 0.10 to Rs 73.41, JS Growth Fund with 5.193 million shares gained Re 0.55 to Rs 8.09 and Azgard Nine with 4.885 million shares up by Re 0.12 to Rs 6.56.