KARACHI - Despite limited foreign interest in oil & gas sector and support from state-run funds, the Karachi stock market fell below the psychological level of 10,000 points on Tuesday as cautious investors booked profits on concerns over rising political uncertainty, poor law and order situation, while uncertainty over monetary policy announcements next week also played a catalyst role in the negative activity in the earning announcement session. The Karachi Stock Exchanges benchmark 100-share index ended 0.71 percent, or 71.08 points, lower at 9.992.50. The KMI 30-index closed at 15653.45 with the loss of 86.59 points while the KSE 30-index closed at 9712.43 with the loss of 113.63 points. All share index closed at 6980.58 points with the loss of 48.95 points. Trading activity was better than the previous level as the ready market volume stood at 8.846 million as compared to previous volume i.e. 6.504 million. Future market volume stood at 3.114 million as compared to previous volume of 3.114 million. Market capital stood at 2.763 trillion. 121 companies advanced, 245 declined and 22 remained unchanged. Highest volumes were witnessed in LOTPTA at 9.890 million, closed at Rs8.65 with a loss of Re0.15, followed by Sui North Gas at 9.676 million, closed at Rs29.78 with a gain of Re0.24, and World Call at 7.949 million, closed at Rs2041 with a loss of Re0.04. Ahsan Mehanti, Director Arif Habib Investments Limited, said that clearly missing the timeline of MTS implementation disallowed the initial bull-run backed by decent turnover in leading textile and cement sector stocks along with side-line and low priced stocks. He said however due to deteriorating law and order situation, and gloomy economic and financial environment, weakening local currency, kept the sellers mainly from local circuit active, mainly with a view of partial recovery on dips. He added that prolonged stagnation therefore kept the market participants in an indecisive mode, thus, forcing the index to plunge into negative upon post midday mercury rising. He informed that high volatility that allowed the turnover and value of traded shares to improve, uncertainty of judicial-political affairs and developments did add to the nervousness amongst the locals. Thus, leading to low volume price erosion. The index however did found support on dips; support was targeted to allow benchmark to stay in five digits. Fierce selling in banking sector due to severe selling by offshore participants and litigation in the leading stock of the sector, however forced the index to lose the hard earned fifth digit, on closing basis.