KARACHI - Low foreign portfolio investment in the last trading session and World Banks report that declared Pakistans macroeconomic situation risky slowed down last weeks bullish rally and the stock market, on the first day of the week, witnessed a choppy session, with the benchmark KSE 100-index losing 29 points to close at 10,557 level. Volumes were also relatively low when compared to the last trading session, with 212m shares worth $65m traded. Nishat Mills Ltd and Azgard Nine Ltd showed some strength and the scrips prices appreciated by 2.2pc and 6.1pc respectively. Moreover, Pakistan Petroleum Ltd witnessed some upsurge in the later half of the session amid news of increase in wellhead prices for Sui and Kandhkot fields, which have been raised by 24.3pc to Rs143.87/mmbtu. As per our analyst, this will have a positive impact of Rs1.76 per share for PPL. Engro Corp was amongst the major losers, as investors booked profits at these levels and its price declined by Rs5 53 (2 6%) to close at Rs206 68. Recent World Bank report that dubbed economic recovery as fragile and macroeconomic situation as 'risky sent jitters amongst investors who chose to offload their holdings. However, buoyancy depicted by FIIs continued to support local bourses, albeit with lesser fervour and highly selective. Oil & gas sector bore the brunt of selling pressure as only NRL closed in the green zone while OGDC, PPL, PSO closed in the red zone mimicking indexs performance. NBL, PTC, ANL, made it to the volume leaders board registering a positive close. Amongst the defensive players, HUBCO bounced back after dismal performance during last trading session, whereas, FFC and KAPCO closed in red zone. Some news that affected the trading activities at the market were: PSOs receivables at record Rs116.193b; Overseas $21.89m flows into KSE last wk; 9M auto sales up by 33.59pc; and Hungarian co to invest $180mn in oil/gas sector. Textile stocks, however, performed well, most probably on the likelyhood that US will support Pakistan in winning access to the US and European markets, group support in the stocks was however quite prominent. However, the stocks those will sustain growth will invite accumulation on dips, and shift in sector and stocks has therefore been prominent. Hasnain Asghar Ali at Aziz Fida Husein said, Issues on economy, mainly inflation and circular debt, adjustment and change in trading pattern with the implementation of CGT carries chances of readjustment in values, caution continues to stay the call, as the mentioned issues will not only restrict the upside in the current quarter, decline in expensive stocks might force the bench mark to looses values.