KARACHI - Pakistan stocks closed lower amid consolidation in blue chip stocks. Profi-taking continues as global stocks and commodities fall on economic worries despite record home remittances in Oct ‘12. Security unrest in the city, limited foreign interest and rising political uncertainty played a catalyst role in bearish sentiments at KSE, experts observed here on Tuesday.

At local equity market KSE-100 share index lost by 83.96 points or 0.52 percent to end the day at 16,129.72 points as compared to 16,213.68 points of a day earlier.  KSE-Allshare index decreased by 56.71 points or 0.50 percent to conclude the session at 11,311.70 points, KSE-30 share index lost by 88.70 points or 0.67 percent to close the day at 13,181.20 points while KMI-30 share index misplaced 154.74 points or 0.55 percent. Stock traded 156.978 million shares after opening at 149.414 million shares and the value of traded shares was curtailed to Rs 3.944 billion from Rs 3.522 billion. Market capitalisation maintained at Rs 4.023 trillion after opening at Rs 4.043 trillion.

Trading took place in 320 companies where losers outnumbered the gainers 150 to 136 while the value of 34 stocks remained intact. Bata (Pak) XD was the biggest price gainer of the day up by Rs 65.95 to Rs 1385.45 followed by Island TextileXD increased by Rs 25.64 to Rs 538.57 while AL Abbas Sugar and Shahtaj Sugar Mills were the top losers of the day down by Rs 4.95 to Rs 96.50 and Rs 4.08 to Rs 77.82.  In the top ten scrips of the day, Jah. Sidd. Co. was the volume leader of the day with 35.777 million shares as it closed at Rs16.45 after opening at Rs 16.14. It was followed by Fauji Cement with 13.073 million shares, Azgard Nine with 9.759 million, Lotte Pak PTA with 8.932 million, JS Investments with 7.032 million, DGK Cement XD with 5.236 million, NIB Bank Limited with 4.715 million, JS Bank Ltd. with 4.481 million, Maple Leaf Cement with 3.642 million, Engro Corporation with 3.497 shares.