KARACHI - Market marginally declined as lack of triggers kept investors at bay as volumes declined to 15 sessions low to Rs 4 billion.

At local equity market benchmark KSE-100 share index shed 30.35 points or 0.13 percent to end the day at 23768.35 points compared to 23798.70 points of the previous day.

Equity dealer Samar Iqbal said investors also remained cautious due to falling SBP’s forex reserves which are lowest in 12 year after SBA repayment coupled with heavy net foreign out flow in past two trading sessions.

Telecom sector, which has been in the limelight after positivity on 3G auction, also witnessed some profit taking. FCCL remained the volume leader with 10.6m shares traded followed by PTC with 10.5m shares and TELE with 8.6m shares, she added.  KSE-Allshare index grew by 35.80 points or 0.20 percent to end the day at 17533.54 points, KSE-30 share index decreased by 47.95 points or 0.27 percent to close the day at 17847.91 points while KMI-30 share index shed by 116.36 points or 0.29 percent to finish the session at 39915.23 points.  The total turnover of local bourse 98.506 million shares compared to 129.263 million shares of the last day and the trading value of shares reduced to Rs 4.388 billion from Rs 7.195 billion. Capitalisation of the market maintained at Rs 5.719 trillion which was Rs 5.699 trillion a day earlier.  Trade remained thin as investors awaited CPI inflation data for Nov’13 due to impact SBP policy rates and concerns for political protests to end drone strikes, analyst observed.  Lower global commodities and delay in $800m payments by Etisalat impacted the sentiments despite institutional support in selected stocks across the board.

Out of 340 companies 144 closed in positive and 166 in negative while the value of 30 stocks remained intact. Unilever FoodsXD and Nestle Pak were the biggest price gainers of the day up by Rs 437.85 to Rs 9195 and Rs 416.40 to Rs 8744.40. Shezan InterXDXB and Colgate Palmolive led the downhill trend decreased by Rs 24.55 to Rs 538.75 and Rs 15.50 to Rs 1480.

Top ten scrips were led by Fauji Cement with 10.555 million shares added Re 0.31 to Rs 13.12. PTCLA holds the second position with 10.519 million shares off by Re 0.35 to Rs 29.40. It was followed by Telecard Limited with 8.609 million shares as it closed at Rs 6 after opening at Rs 5.97, Lafarge Pak with 5.897 million shares shed by Re 0.12 to Rs 8.23 and Bank of Punjab with 5.729 million shares lost Re 0.25 to Rs 10.50.