KARACHI - Stocks closed bearish on thin trades as investor awaited federal budget proposals for corporate sector.

Shares at local market dropped slightly on Thursday with KSE-100 share index shed 17.99 points or 0.13 percent to finish the day at 14,063.08 points as compared to 14,081.07 points of the previous session.

Expert said that fall in global stocks and commodities on Greek debt worries and limited foreign interest affected the sentiments despite expectations for Pak-US relations on resumption of NATO supplies.

Status quo for Pakistan in frontier market index in MSCI semi annual review, fall in local cement prices played catalyst role in bearish sentiments at KSE.

KSE-Allshare index lost 6.17 points or 0.06 percent to close the day at 9,875.69 points, KSE-30 share index misplaced 2.48 points or 0.02 percent to end the day at 12,274.18 points while the KMI-30 share index off 13.37 points or 0.05 percent to conclude the day at 24,337.43 levels.

Dealer said with low volumes market remained ranged bound throughout the day. Investors remained confused after 2 days of net foreign selling. PTC fell after no developments on the international clearing house front. DGKC recovered after remaining under pressure in last few sessions.

Market traded 143.055 million shares after opening at 146.000 million shares and the value of traded shares was Rs 5.014 billion. Trading tool place in 384 companies where gainers beat the loser 170 to 140 while the values of 74 stocks remain intact.

PTCLA was the top traded company of the day with 19.305 million shares as it closed at Rs 15.59 after opening at Rs 16.12 off Re 0.53. It was followed by DGK Cement with 17.241 million shares gained Rs 1.3 to close at Rs 42.50, Bankislami Pakistan with 13.017 million shares added Re 0.98 to end at Rs 9.95, JSCo with 11.744 million shares up Re 0.03 to lock at Rs 15.94 and Engro Foods Ltd with 7.529 million shares increased Rs 3.02 to conclude at Rs 63.60.

UniLever PakXD and Nestle Pakistan Ltd were the top traded companies of the day up by Rs 105.08 and Rs 21.25 while the top losers were led by Unilever FoodXD and Rafhan MaizeXD off by Rs 130.45 and Rs 100 respectively.