KARACHI  - Stocks closed lower amid thin trade on rising political uncertainty and concerns for outcome of NAB initiative to pursue cases against PM, Former President, analyst Ahsan Mehanti observed here on Monday.

At local equity market benchmark KSE-100 share index lost 175.61 point or 0.81 percent to end the first day of trading week at 21599.78 points compared to 21775.39 points of the last working day on Friday.

KSE-Allshare index shed by 95.82 points or 0.61 percent to close the day at 15740.57 points, KSE-30 share index misplaced 203.39 points or 1.23 percent to send the day at 16290.83 points while KMI-30 share index decreased by 265.09 points or 0.72 percent to conclude the session at 36768.32 points.

Renown equity dealer Zafar Motti said at equity market activity remained thin ahead of Eid holidays. Limited foreign interest, major fall in global commodities and rising circular debt in energy sector played a catalyst role in bearish sentiments in stocks across the board.

Share of 310 companies were traded on Monday where 107 closed in positive and 176 in negative while the value of 27 remained intact. Wyeth Pak Limited led the downhill trend decreased by Rs 50 to Rs 4200 followed by Millat Tractor XDXB off by Rs 17.55 to Rs 433.73. Indus Dying and Siemens Pakistan were the biggest price gainers of the day up by Rs 19.07 to Rs 969.07 and Rs 15 to Rs 905.

The day turnover of stock market in term of shares was 61.977 million shares after opening at 92.542 million shares and the value of traded shares reduced to Rs 2.056 billion from Rs 3.669 billion. Capitalisation of local equity market maintained at Rs 5.154 trillion as compared to Rs 5.195 trillion of the previous session. 

Sui South Gas was the day volume leader with 11.313 million shares as it closed at Rs 25.55 after opening at Rs 25.07. Pak Elektron(R) was on the second position with 3.916 million shares up by Re 0.07 to Rs 2.30. It was followed by Fauji Cement XD with 3.708 million, Askari Bank(R) with 3.664 million, Engro Corporation with 3.155 billion, PTCLA with 2.844 billion, F.Nat.Equities(R) with 2.796 million, Bank of Punjab with 1.607 million, Dewan Salman with 1.425 million and NIB Bank Limited with 1.312 million shares respectively.