KARACHI - Karachi Stock Exchange (KSE) on Friday showed a disappointing and lackluster performance as the total turnover dropped to 24 million shares due to recently artificial measures taken by the desperate management of KSE and political confrontation coupled with economic woes. The Friday's trend at KSE reflected that investors were still away from the stock market mainly because of recently changing in the regulatory laws by the management of the KSE, which is believed to be artificial measures, designed to save the battered investors from the further losses but failed to restore the confidence of investors. The market opened on positive note, but the confidence shattered investors remained on sideline throughout the trading day. The KSE-100 index on the back of rescue measures made a slight gain of 4 points and closed up at 9,208 points on Friday. While the free float KSE-30 index gained 16 points and wrapped up at 10,198 points. However, the trade activity remained weak as total volume stood at 24 million shares, reflecting a decline of 32 million shares against the shares recorded a day earlier. Analysts said that though the measures taken by the KSE board have averted continued erosion in the benchmark index but failed to raise the confidence of local investors because investors were of the view that recent measures were artificial aimed to support the market and as soon as the KSE board revokes the such regulatory changes the market will be again at a terrible situation.    Analysts said that foreign investors have already been gone away from the stock markets and after the new regulatory measures the grim situation of foreign investment in the equity markets will go from bad to worse because such measures have given bad signal to the foreign investors. "As long as the political concerns remains intact the market shows a lackluster performance," brokers said. "We are expecting some respite in the political horizon of the country after the President's election," brokers said. The overall market capitalization ended at Rs2.881 trillion on Friday, reflecting an increase of Rs163 million. While a total of 213 scrips were traded today, out of 50 advanced while 120 ended unchanged. NIB Bank topped the volume list with 3mn shares, its shares declined by Re5 and close at Rs8.47. Zeal Pak declaining Re9 closed at Rs1.16 with 2.3mn shares. Muslim Commerical Bank increasing by Re1 closed at Rs245 with 1.6mn shares, while Pak Petroleum gained Rs2 and closed at Rs212 with 1.1mn shares.