KARACHI - Stocks closed bearish amid institutional profit-taking in stocks across the board after SBP maintained status quo in policy statement on Friday due to dismal economic data.

At local equity market benchmark KSE-100 share index shed by 189.78 points or 1.01 percent to end the day at 18,524.50 points as compared to 18,714.28 points of the last working day on Friday.

Analysts said economic uncertainty on falling foreign reserves after IMF repayments, circular debt issues in Pakistan energy sector and fall in global commodities played a catalyst role in bearish sentiments at KSE. Dismal quarter end earning announcements and concerns for gas supply issues in fertilizer sector impacted the sentiments.

KSE-Allshare index decreased by 132.63 points or 1 percent to close the day at 13,138.28 points, KSE-30 share index misplaced 161.66 points or 1.11 percent to end the day at 14,434.96 points while KMI-30 share index lost 294.84 points or 0.89 percent to finish the day at 32,682.55 points. 

The day turnover of stock market in term of shares was 152.701 million shares after opening at 180.488 million shares. Value of traded shares was reduced to Rs 5.126 billion from Rs 4.509 billion and the capitalisation of equity market settled at Rs 4.546 trillion compared to Rs 4.601 trillion of a day earlier.

Trading took place in 351 companies where losers outnumbered the gainers 268 to 64 while the value of 19 stocks remained intact. Unilever Food XD were the biggest loser of the day down by Rs 161.59 to Rs 5013.41 followed by Bata (Pak)XD down by Rs 92 to Rs 1748. Murree Brewery and Gillette Pak were the biggest gainers up by Rs 10 to Rs 210.01 and Rs 9.28 to Rs 195.

TRG Pakistan Limited was the top traded company of the day with 19.657 million shares as it closed at Rs 8.01 after opening at Rs 8.31. Maple Leaf Cement was on the second position with 10.703 million shares. It was followed by PTCLA with 10.239 million shares shed by Rs 1.06 to Rs 20.17, Telecard Limited with 7.719 million shares off by Re 0.52 to Rs 5.05 and Pak Elektron Limited with 7.694 million shares shed by Rs 1 to Rs 12.04.