KARACHI - Profit-taking continued amid cautious activity ahead of SBP monetary policy statement due today.

At local equity market benchmark KSE-100 share index shed by 54.17 points or 0.23 percent to end the day at 23168.04 points compared to 23222.21 points of the previous day.  Equity dealer at Topline Securities Samar Iqbal said that just ahead of monetary policy market witnessed ranged bound session. Investors stay sidelined awaiting for key policy decision as they were not sure whether interest rate will increase or not.

KSE-Allsjare index off by 21.01 points or 0.13 percent to end the day at 16600.50 points, KSE-30 share index misplaced 45.61 points or 0.25pc to close the day at 17890.38 points while KMI-30 share index added 3.90 points or 0.01pc to conclude the session at 39964.91 points.

Market traded 191.672 million shares on the last day of trading week compared to 255.955 million shares of the previous day. Value of traded shares was minimised to Rs 6.157 billion from Rs 9.584 billion and the capitalisation of the market maintained at Rs 5.483 trillion after opening at Rs 5.696 trillion of a day earlier.

Analyst said activity remained in second and third tier stocks led by cement sector. Institutional support remained in selected blue chip stocks in oil sector on strong valuations. Economic uncertainty and concerns over tough economic targets set by IMF following approval of bailout package affected the sentiments despite rising investor interest in SOEs after PIA privatisation approval by PM.

Trading took place in 330 companies where 148 closed in positive and 160 in negative while the value of 22 stocks remained intact.

Wyeth Pak Limited led the uphill trend increased by Rs 100 to Rs 3500 follow by Bhanero Tex up by Rs 19.01 to Rs 419. Colgate PalmoliveXDXB and Khyber Tobacco were the top losers of the day decreased by Rs 84.99 to Rs 1615 and Rs 15 to Rs 285.

Active list was toped by JS Company with 19.768 million shares as it closed at Rs 10.62 after opening at Rs 10.85. It was followed by Bank of Punjab with 17.151 million shares up by Re 0.06 to Rs 12.69, Pak Elektron(R) with 16.440 million shares shed by Re 0.05 to Rs 7.83, Maple Leaf Cement with 15.424 million shares grew by Rs 1.03 to Rs 25.77 and Dewan Salman with 11.639 million shares extended by Re 0.34 to Rs 3.10.