KARACHI - Profit-taking continued at the Karachi stock market on Wednesday on uncertainty over monetary policy announcements next week and rising political uncertainty in the country, despite hopes for early receipt of UN foreign aid to support flood affected regions and continuing foreign interest in energy sector. The KSE 100-share index closed at 9,946.42 points with the loss of 46.08 points. The KMI 30-index closed at 15593.00 with the loss of 60.45 points while the KSE 30-index closed at 9946.42 with the loss of 34.78 points. All share index closed at 6945.80 points with the loss of 34.78 points. Trading activity was minimal than the previous session as the ready market volume stood at 5.085 million as compared to previous volume of 8.846 million. Future market volume however stood at 3.187m as compared to previous volume of 3.114m. Market capital stood at 2.748 trillion. 102 companies advanced, 243 declined and 24 remained unchanged. Highest volumes were witnessed in Nishat Mill Ltd at 40140 million, closed at Rs46.77 with a loss of Rs1.05, followed by Jah Sad Co at 3.127m, closed at Rs9.85 with a loss of Re0.26, and Silk Bank Limited at 2.813m, closed at Rs2.65 with a loss of Re0.07. Ahsan Mehanti, Director Arif Habib Investments Limited, said negativity was although quite prominent right from the word go after a short spell of positivism; however, despite restricted negativity, couple of stocks displayed strength on the news of gora buying. Absence of follow-up support however disallowed the momentum to continue, thereby benefiting only the short-term traders, he said. He added that while the local market participants await the likely amendment proposal of MTS low volumes and rumours regarding major changes in the approved MTS proposal kept nervousness on the higher side. Absence of decent bids and gloomy economic, financial and political environment added to the pressure. Thereby, forcing the index to melt down at a higher pace with extremely low turnover. He further added that the unconfirmed news of formulation of revised budget for the running year likely to carry more taxations and reduction in development funds, implementation of VAT and various other inflationary measures have further suffocated the idea of growth and economic activity. Thus, forcing the capital market participants on the back foot. He informed that caution therefore stays the call, based on assumption that MTS will be approved with previously-approved risk management mechanism mainly on exposure front; dips can be capitalized with a short-term view, while ill liquid and cornered stocks should be avoided.