KARACHI  - Stocks fell across the board amid thin trade on concerns for rising political uncertainty as political leaders protested by blocking NATO supply routes to initiate peace dialogue.

At local equity market, the benchmark KSE 100-share index shed 179.59 points or 0.75 percent to end the day at 23789.70 points as compared to 23978.29 points of the last working day.  Analyst Ahsan Mehati said falling rupee dollar parity ahead of $400m IMF repayments due this week, expectations for higher CPI inflation for Nov’13 and expected revision in local POL prices impacted the sentiments despite hopes for release of US aid to deal with energy crises in the country.

Falling global oil prices after US-Iran nuclear deal and concerns for rising circular debt in energy sector played a catalyst role in bearish sentiments in stocks across the board amid strong earning outlook for key textile exporters post GSP Plus status next year. KSE allshare-index lost 22.37 points or 0.13 percent to conclude the day at 17497.74 points, KSE 30-share index reduced by 186.25 points or 1.03 percent to close the day at 17895.86 points while KMI 30-share index shed 378.80 points or 0.94 percent to stop the day at 40031.59 points.

The day turnover of stock market in term of shares was 129.263 million as compared to 141.096 million shares and the trading value reduced to Rs 7.195 billion from Rs 8.289 billion. Capitalization of market maintained at Rs 5.699 trillion as compared to Rs 5.706 trillion of a day earlier.

A market participant observed that bourse took correction of 200 points after making new high while depreciating Pak Rupee and heavy foreign selling also forced investors to trim their positions. Interest in telecom sector was seen after selection of Value Partner Management Limited as consultant for upcoming 3G auction. PTC remained the volume leader with 15.8m shares exchanging hands Telecard followed with 14m shares of volume. Contrary to overall sentiment, institutional support helped Nishat Mills to gain Rs2 with 6.5m shares exchanging hands.

Trading took place in 340 companies where losers outnumbered the gainers by 198 to 121 while the value of 21 stocks remained intact. Unilever FoodXD Nestle PakXD were the top price gainers of the day, up by Rs 417 to Rs 8757.15 and Rs 396.57 to Rs 8328. Colgate Palmolive and Siemens Pakistan led the downhill trend, decreased by Rs 53.50 to Rs 1495.50 and Rs 23.64 to Rs 1217.42.  P.T.C.L.A topped the active list with 15.855 million shares as it closed at Rs 29.97 after opening at Rs 30.22.

Telecard Limited was on the second position with 14.081 million shares, up by Re 0.24 to Rs 5.88. It was followed by Nishat Mills LtdXD with 6.499 million shares, up by Rs 1.7 to Rs 106.19, Lafarge Pak with 6.369 million shares, down by Re 0.32 to Rs 8.22, and Fauji CementXD with 5.781 million shares, fell by Re 0.18 to Rs 12.86.