KARACHI - The KSE benchmark 100-share index ended 19.01 points, or 0.20 percent, lower at 9,667.17 points in low trading on Thursday as investors cautiously awaited the appointment of the new finance minister. The KSE-index has shed two percent since his resignation announcement. On the other hand, the KSE 30-index closed at 10082.24 with a gain of 11.56 points. The KMI 30-index closed at 14350.24 with a gain of 67.12 points. All shares index closed at 6856.82 with a loss of 14.79 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 139.136m as compared to last trading sessions 138.960m. Future market volume, however, stood at 4.077m shares as compared to 2.811m shares of last trading session. Market capitalization stood over Rs2.778tr, as total trades increased to 81,807 as compared to last trading sessions 77,329, while 138 companies advanced, 241 declined and 12 remained unchanged. Highest volumes were witnessed in SILKR at 15.556m closed at Rs0.67 with a gain of Rs0.66 followed by PTC at 9.262m closed at Rs20.25 with a gain of Rs0.31, LOTPTA at 7.749m closed at Rs9.91 with a loss of 0.21. Hub Power announced its 1HFY10 results with an EPS of Rs2.44 and 25pc cash dividend, which was above market expectations, and led the stock to close at its upper circuit breaker at Rs.32.88. Whereas, MCB (CY2009 EPS Rs22.4) remained under pressure thoughout the day despite better than expected final cash dividend of 35pc along with a 10pc bonus issue. Moreover, OGDC witnessed a late session rally as it notified an increase in its wellhead price of Qadirpur field. Ahsan Mehanti at Shehzad Chamdia said, Significant rise in T-bill yields, continuing foreign selling, rising circular debt in the Oil & Gas sector played a catalyst role in negative activity despite intra-day institutional support in banking, insurance scrips on strong result announcement expectations. Some news that affected the trading activities were: Urea demand lower in 1MCY10; HBL Income Fund declares interim dividend; Costs hit Indus Motor to increase Corolla prices; and Govt to offer 50 oil, gas exploration sites in June. Fears of foreign selling kept the local bourse under pressure throughout the session, day end short covering, however, did allow the index to recover the points lost early during the session, fresh float on strength however disallowed positive numbers to resurface. Hasnain Asghar Ali, a market expert, said, 'Sell continue to stay the call mainly in the expensive stocks, double-digit dividend yields and low PE multiples should be the parameter for selecting stocks.