OUR STAFF REPORTER KARACHI - The Karachi stock market on Friday witnessed a bearish trading session with thin volumes in scrips across the board amid limited buying from the foreign and institutional investors. The Karachi Stock Exchanges 100-share index fell by 7.80 points or 0.06 per cent to close at 12,361.32 points as compared to the previous level of 12,369.12 points on market turnover of 47.68 million shares. According to the daily trading statistics issued by KSE, total market capitalization amounted to Rs3, 265.78 billion or $38.03 billion while the ready market value was recorded at Rs2.12 billion or $24.63 million respectively. The Karachi Stock Exchange 30-index ended 0.48 per cent or 56.27 points lower at 11,768.98. Karachi Stock Exchange future volume was registered at 2.49 million shares and its value was at Rs273.97 million shares, accounting for 10.49 per cent spread rate, the data revealed. Limited local and foreign interest, fall in global commodities and Asian capital markets on Greece debt default affected the investor sentiment at Karachi StocksExchange, said Ahsan Mehanti, Director at Arif Habib Investments. A steep rise in foreign exchange reserves, probable dividend announcement by Pakistan Petroleum Limited and expected improvement in OMC margins invited institutional support throughout the trading session, he added. According to a weekly market report, average daily volumes at the bourse dropped by 53 per cent week-on-week to 53 million in the outgoing week as the market lacked triggers to ignite any trading activity. However, PPL remained a notable exception after it announced an emergent board meeting, with a possibility of announcing an early cash dividend. Further, key economic data for the May were released, with remittances and exports both registering impressive numbers in May. Overall the Index remained flat, with KSE 100 closing at 12,361. Volumes at the exchange dropped to a 4 week low, as investors awaited positive news flow. However, PPLs announcement of an emergent board meeting with a possibility of announcing an early dividend led to a flurry of activity in the scrip, helping it gain 1.8 per cent. Further, Nishat group offered 10 per cent (or 37.3mn shares) of its stake in Pakgen Power Limited at Rs19 per share, the report said.