LAHORE - Business resumed on Tuesday in Karachi Stock Exchange (KSE) with very slow activity and throughout the day remained limited, flat and dry combined with volume sliding down at a low level. The benchmark KSE 100-index witnessing no change closed at 9,187.10 points after investors remained on the sidelines. Keeping in view the decision of members of the KSE board that floor mechanism would not be removed in the current month and decision in this regard would be taken up later pushed the brokers and traders to sit aside and virtually there was no business activities in the bourse on Tuesday as the investors stayed out of the trading arena to protect themselves from further losses. Earlier, it has been notified that KSE income has plunged down to an alarmingly low level, as the volume trading persistently kept dropping as the investors preferred waiting on the sidelines. Those who had have deep surveillance on market finance have firm belief that previously bourse used to earn over Rs 7.5 million daily from the exchange log which now has dropped down to less than Rs 40,000 per day on account of plummeting volume of trade. While the existing board of KSE in its long hours meeting held on Monday again failed to reach a decision about bringing the market into normal trading. A source, who attended the meeting, said the several issues were discussed in the meting but did not take final decision regarding the removal of floor rule and change in the limit of lower lock. Traders, on the other hand, have apprehension in their minds and they are haunted of unknown fear regarding the removal of floor. Concerned people of market anticipated that the floor mechanism would likely to be removed some time in mid January 2009 as well as there is no early hope of injection of market support fund. The conclusion is that unless many hurdles including liquidity shortage and floor mechanism are not removed, the benchmark index would remain dry and flat in the coming business days as investors and brokers are in mood to actively take part in business activities and would prefer to sit aside. The trading volume further reduced in size to the new low within few days again of 44,600 shares as compared to 1,46,700 Tuesday business. It is pertinent to note that the lowest volumewise business was recorded on November 18 with only 16,660 shares traded on the board. Pak Com Leas was the scrip which led the market volumewise on Tuesday. Total 22 scrips traded in the bourse in which three companies recorded gains while two scrips sustained losses and nine scrips remained unchanged out of total 14 scrips traded. The highest trading on Tuesday was seen in the scrip of Pak Com Leas which remained unchanged closed at Re 0.55 with volume of 22,000 shares followed by National Asset which contrary to dipped down on Tuesday gained Re 0.03 closed at Re 0.44 with volume of 5,000 shares. Whereas Millat Tractors remained unchanged closed at Rs 163.92 with volume of 3,000 shares traded. UDL Mod was the sole scrip which lost its value to Re 0.01 closed at Rs 3.06 with volume of 1,000 shares. Askari Bank and Kot Addu Power scrips remained unchanged closed at Rs 27.98 and Rs 37.80 with volumes of 500 and 100 shares respectively. Pak Datacom was the second scrip on Tuesday which gained Rs 2.20 closed at Rs 47.20 with volume of 100 shares traded in the bourse. Meanwhile, the KSE-30 index remained unchanged and closed at 9981.93 points and KMI-30 index with no change closed at 11224.18 points. While, Lahore Stock market witnessed upward trend as LSE-25 index closed at 2825.34 gaining 1.74 points. Total turn over also witnessed lowest ward trend and only 300 shares were traded on Tuesday trading. In all the 77 companies transacted on the day, no scrip could move up while only one scrip moved down and rates of all other scrips remained unchanged. PTC was the scrip remained unchanged closed at Rs 31.50 with volume of 200 shares followed by JOVC dipped down its value to Re 0.18 closed at Rs 20.94 with volume of 100 shares.