KARACHI - On the last day of the week, the Karachi stock market edged lower with limited volumes as investors remained on the sidelines on Capital Gains Tax levy. Besides, deteriorating law & order, fall in global capital markets and limited foreign interest also played a key role in the negative activity. The Karachi Stock Exchanges benchmark 100-share index, which opened in the green zone with a gain of 12.11 points, closed at 9,697.65 after shedding 33.34 points. Turnover was only 22.47 million shares, compared with 20.83 million shares traded on Thursday, which was the lowest since December 2008. The KSE 30-index closed at 9520.09 with a loss of 46.13 points. The KMI 30-index closed at 14574.89 with a loss of 45.93 points. All shares index closed at 6800.30 with a loss of 19.82 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 22.471million as compared to last trading sessions 20.830million. Future market volume however stood at 0.681m shares as compared to 0.518m shares of last trading session. Market capitalization stood over Rs2.728trillion. Total trades decreased to 18,879 as compared to last trading sessions 22,115. 168 companies advanced, 155 declined and 23 remained unchanged. Highest volumes were witnessed in BOP at 2.770million, closed at Rs10.77 with a gain of Re0.65, followed by JOVC at 2.258million, closed at Rs6.05 with a gain of Re0.08, and AMTEX at 2.187million, closed at Rs13.54 with a gain of Re1.00. The analysts said positive opening (+15) on single share trade of OGDC that allowed the stock to show an increase of Re0.81, thus, impacting the index, turnover in the main board stocks stayed extremely low. They said giving a signal that minimal turnover desired to restrict red numbers was being poured in, Lahore incident, last session of the week, declining trend in the regional and international equity markets and above all increase in GST and its inflationary impact. They said however disallowed any major stunt and neither was the strategy successful in restricting the index from entering negative zone. They said while other low priced and below priced stocks did invite turnover, low volatility however gave the idea that most of the trade were mere underlines, thus depicting hand change, besides those waiting for outcome on the new leverage product, some corporate and high net worths looked anxious for block trades (25k min) in the high priced stocks. They said the fresh waves of news flow suggesting optimism regarding launch of a user friendly ready board leverage product did keep the environment balanced, some rightly debated that it stays essential for the market men and stake holders to differentiate between trigger and facilitating tool.