KARACHI - Limited activity restricted local bourse from any big changes on the last trading day of the week as KSE 100-index shed nominal 3.15 points to close at 9,150.85 points on Friday. Confidence expressed by ADB on Pakistans economic stability and improvement in current account deficit reported for September did offer a mild trigger to the local equities, thus allowing the accumulators from previous sessions to continue capitalising big discounts mainly in the main board stocks available at low multiples (digestible to local strength) and offering decent yields. Main interest was certainly witnessed in oil and gas exploration as sector is likely to stay the beneficiary of high international oil prices. The phenomenon, if continues, might push the economy in hot waters. Nevertheless, since beneficiaries would act as a hedge against the slow economic growth, the corporate as well as high net worth participants looked more poised towards the sector stocks. The local equity market kicked-off the day with limited activity by the investors and index hit Fridays high of 9,251.40 points during the session. However, market narrowly missed the chance to close in green zone as stocks ended only 3.15 points down at 9,150.85 points. Meanwhile, parallel KSE 30-index managed to remain positive in the end and closed at 9,669.62 points with the modest gain of 7.42 points. Trading activity at the KSE remained slightly better as compared to the last trading session. Market volume improved to 195.047 million shares on the last trading day of the week as against 189.18 million shares traded on Thursday. Total trading value of the exchange fell to Rs 7.530b from Rs 10.075b of last session. Moreover, out of total 374 traded stocks at the local bourse, as many as 194 advanced, 151 declined and the value of the shares of 29 cos remained unchanged. Stock market capitalization witnessed minor changes as it remained Rs 2.653tr as compared to the same figure of last session. Below expectation announcement by PSO both on payout and EPS forced a panic sell-off in the stock. The nervousness soon spilled to other stocks thus disallowing the benchmark to maintain decent green numbers, those stayed prominent during the session. The investment (securities) companies continued to invite interest of the market men, based on the managements expertise regarding market timing as in recent times it has been observed that at times of dicey movements the local participants opt for placements in the companies, instead of trading for themselves. Thus allowing the stocks to invite high turnover to maintain their position in volume leaders. Although the companies stocks stayed under pressure, turnover stayed high, mainly due to high interest of the day and short term traders. Fear of likely selling by the off-shore participants, however, kept the turnover low as the accumulators placed low quantum bids, thus disallowing any major activity, besides a technical recovery, stated market expert Hasnain Asghar Ali. Surprisingly, Telecard was crowned as the volume leader of the day with a handsome turnover of 24.644m shares on Friday, followed by JSCL with 19.805m shares, Bank Al-Falah 17.852m shares, AHSL 13.030m shares, Pak PTA 11.682m shares, PTCL 11.321m shares, Pak Strat Fund 9.570m shares, FFBL 7.195m shares, Netsol Technologies 4.895m shares, NBP 4.394m shares namely. Unilever Pak topped the gainers list at the KSE, adding Rs63.80/share to close at Rs2,300, Wyeth Pak up by Rs55.49/share and closed at Rs1,344.99 with the trading of only 1 share, Bata Pak gained Rs37.12/share and its total value was improved to Rs881.60, Fazal Textile added Rs13.99/share, closing at Rs482.99, Treet Corporation up by Rs10.95/share to close at Rs299.95. Unilever Food topped the losers list at the local bourse, down by Rs35/share and closed at Rs1,200, PSO shed notable Rs14.34/share and its value was decreased to Rs306.10, Hinopak Motors lost Rs13.55/share to close at Rs275.55 with a small turnover of only 20 share, Attock Refinery down by Rs6.17/share, closing at Rs117.32, Clariant Pak lost Rs6.13/share and closed at Rs164.38.