KARACHI - The Karachi stock market witnessed mixed activity on the first day of the week as global capital markets tumbled on Goldman Sachs fraud case, while institutional support in oil & gas sector led to a positive closing. The market witnessed a volatile session, but saw the benchmark KSE 100-index close virtually flat (up 11 points) at 10,670 points. There was general negativity amongst blue chip companies, as investors booked some profits after a strong bull run. Volumes were also on the lower side when compared to the last few trading sessions with 167m shares worth $49m traded, and news of a bomb blast in the NWFP triggering a downward movement. Oil and Gas Development Company, NBP, Nishat Chunian and Lotte PTA performed strongly. Moreover, Packages Ltd. announced its first quarter results for the period ended March 31, 2010, posting an EPS of Rs3.80 against Rs75.31 recorded last year. The KSE 100-index, which opened in the green zone with a gain of 15.12 points, closed at 10669.88 with a gain of 10.67 points. The KSE 30-index closed at 10841.46 with a loss of 35.15 points. The KMI 30-index closed at 16055.88 with a loss of 23.45 points. All shares index closed at 7514.06 with a gain of 3.30 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 166.922m as compared to last trading sessions 206.494m. Future market volume, however, stood at 2.536m shares as compared to 4.289m shares of last trading session. Market capitalization stood over Rs3.024tr, as total trades decreased to 73,596 as compared to last trading sessions 92,381, while 172 companies advanced, 214 declined and 26 remained unchanged. Highest volumes were witnessed in LOTPTA at 30.915m closed at Rs12.40 with a gain of Rs0.30 followed by TRG at 29.994m closed at Rs5.79 with a gain of Rs0.32, SILK at 12.005m closed at Rs4.13 with a loss of Rs0.05. Ahsan Mehanti at Shehzad Chamdia Securities said, Fall in international oil prices, Limited foreign interest in blue chip scrips played a catalyst role in negative sentiment. Hasnain Asghar Ali, a market expert, said, Caution stays the call as the last 10 days of the running month carry main board results, which will identify future direction of the market, stocks trading at high multiples, may therefore be avoided until the upcoming results are unveiled. Foreign investors activity at KSE was gross buying $5.49m, gross selling $2.04m, and net buying was $3.45m.