KARACHI - Profit-taking smashed the upward direction of the Karachi Stock Exchange as the KSE-100 Index lost 114.67 points on the last trading day of the current week. KSE-100 Index closed at 6326.33 points after touching day's high level of 6545.45 points and low level of 6313.16 points on Friday. Investors and analysts said that three days closure of market, from Saturday to Monday, motivated the stakeholders to opt for profit-taking. The stock market will open on Tuesday. Trading activity of the market witnessed a decline as market volume fell to 221.522 million shares against last session's 276.790 million shares on Thursday as the investors remained cautious amid speculations of technical correction. Market capitalisation declined to Rs 1.914 trillion as compared to previous day's Rs 1.946 trillion. Total trading value of the market remained 9.348 billion rupees as compared to the last session's 9.773 billion rupees. Out of total 293 active symbols at KSE, 106 gained value, 179 lost while the worth of the shares of 8 companies remained untouched. E&P giant OGDC was the volume leader of the day with trading of 16.683 million shares on Friday. Among other high-traded shares were PTCL 15.646 million shares, NIB Bank 14.163 million shares, DGK Cement 13.721 million shares, Nishat Mills 12.655 million shares, National Bank 10.384 million shares, Hub Power 10.223 million shares, Bank Al-Falah 9.548 million shares, Pak Petroleum 8.980 million shares namely. Major gainers at the KSE include Bata Pakistan that gained 28.17 rupees per share and closed at Rs656 with the trading of only 200 shares on Friday, Shell Pakistan added 10.10 rupees/share and its total value was improved to Rs212.24, Packages Limited gained 8.34 rupees, closing at Rs175.27, Nestle Pakistan gained 7 rupees and closed at Rs1050, Dawood Hurcules gained 5.66 rupees and its value was increased to Rs130.60, National Bank added 3.82 rupees/share taking its value to Rs80.41, Attock Cement gained 2.63 rupees/share and closed at Rs54.91. On the other hand, Wyeth Pakistan lost 66.73 rupees/share and its total value was decreased to Rs1268.01 with the trading of only 20 shares, Hinopak Motor lost 20.23 rupees/share and closed at Rs384.47, Colgate Palm lost 17.08 rupees/share taking its value to Rs324.60, Sitara Chemicals lost 6.82 rupees/share and closed at Rs150.18, EFU Life lost 6.81 rupees/share and closed at Rs129.55, Attock Petroleum (SPOT) lost 6.36 rupees/share and closed at Rs265.17, Engro Chemical lost 6.01 rupees/share and closed at Rs127.82. "Profit taking witnessed in overbought market. Investors offload scrips as political uncertainty looms over PPP decision forms its own government in Punjab. Selling pressure was also witnessed with limited activity by market support fund NIT in overbought market", stated market analyst Ahsan Mehanti. Market experts anticipate a further gain in the stock market as the blue-chip symbols attracting corporate as well as the individual investors.