KARACHI - An extremely dull and dry session grabbed the local bourse on Tuesday while the benchmark index remained positive and maintained its stance till closing bell, adding 11 points to close at 9,233.70 points. Moreover, meagre turnover was observed as volumes were down by 1.32m shares as compared to Mondays session. Investors expected minimal change in policy rate on strict IMF conditions of reduction in fiscal deficit inflation while limited retail/institutional interest was witnessed despite rise in institutional oil prices and bullish activity in global capital markets. With majority participants on sidelines mainly due to polluted environment ahead, marginal activity leading to low volume urge in index heavy weights mainly in OGDC by seasoned participants, however, restricted decline that was expected due to lacklustre activity prevailing at the local equity market. Low priced and under-priced stocks managed to stay in neutral to positive zone as the local participants targeted the stocks for accumulation of dips, while likely development in BAFL regarding sale of their strategic holdings and positive development on BOPs loan case allowed the banks to lead the turnover. The banking stocks contributed 27 percent to the total turnover, while BOP managed upper lock, during the closing hours. The market participants were keenly awaiting SBPs monetary policy on Tuesday, expecting a sizeable reduction (50-100 basis points) in discount rate, expressed research analyst Santosh Kumar at Darson Securities. Local equity market kicked-off the day in red zone with a loss of 3.42 points, however, KSE 100-index turned green at the end, closing 11.74 points up at 9,233.70 levels. Meanwhile, parallel KSE 30-index closed at 9,748.53 points with a gain of 7.32 points. Trading activity was further decreased to 74.754m shares as compared to last trading sessions ready market volume of 76.070m shares. Total trading value of the exchange improved to Rs 3.565b against Rs 3.475b of last session. Market capitalisation stood over Rs 2.665tr as compared to Rs 2.661tr of last trading session. Out of 372 actively traded scrips at the KSE, at least 178 managed to advance, as many as 170 declined while the worth of the shares of 24 remained unchanged. NRL and PRL remained in the spotlight due to expected increase in deem duty coupled with rising international oil stock prices. PSO remained under pressure due to circular debt concern. Sideboard stocks, such as BOP, BAFL, JSCL and BOSI commanded most of the activity. Bank Al-Falah topped the volume leader list with a moderate turnover of 9.391m shares, followed by BOP with 6.339m shares, Nishat Chunian 5.847m shares, NML 5.203m shares, Crescent Textile 4.759m shares, OGDC 3.178m shares, Bosicor Pak 2.617m shares, AHSL 2.451m shares, PTCL 2.418m shares, HUBCO 2.045m shares namely. Leading gainers at the market include Siemens Pak Engineering, up by Rs15.64/share to close at Rs1,328.97 with the trading of only 10 shares, Grays of Camb added Rs6.35/share and its total value was improved to Rs133.40, Mari Gas gained Rs5.13/share, closing at Rs142.70, National Refinery up by Rs3.52/share and closed at Rs185.97, Dawood Hercules (SPOT) gained Rs3.47/share to close at Rs 171.47. On the other hand, Bata Pak lost Rs27.29/share and closed at Rs953.21 with the trading of only 7 shares, Lakson Tobacco down by Rs15.82/share and its value was decreased to Rs300.64, Hinopak Motors shed Rs11.62/share, closing at Rs227.39, Service Industries lost Rs11.05/share to close at Rs263.19, Pak Engineering down by Rs9/share and closed at Rs305. APP: The Lahore Stock market on Tuesday witnessed a bullish trend as the LSE-25 Index gained 4.70 points to close at 2866.27 points as compared to 2861.57 points on Monday. The total turnover, however, witnessed a slight decrease as it remained 6.588m shares on the day as compared to previous days turnover of 6.824m shares. Of a total of 89 active scrips traded on the day, 28 moved up the board, 28 remained in the negative column while another 33 remained unchanged. Mari Gas Co was the top gainer of the day with an increase of Rs 4.13 in its share price to close at Rs 142 per share. PSO remained the major loser as its share price witnessed a decrease of Rs 2.31 per share to close at Rs 299.06. The BoP emerged as volume leader of the day with 2.270m shares, followed by Bank Al-falah Limited with 0.871m shares and Arif Habib Securities Limited with 0.433m shares.