KARACHI - Karachi stocks fell on Wednesday as cautious investors booked profits at higher levels amid worry about the economic cost of devastating floods which the government said would hurt growth. The KSE 100-index opened in green zone with a gain of 2.20 points and at the end of the day closed at 9792.81 with a loss of 82.87 points. KSE 30-index closed at 9692.71 with a loss of 89.81 points. KMI 30-index closed at 14980.51 with a loss of 70.95 points. All shares index closed at 6859.36 with a loss of 54.70 points. Trading activity was minimal as compared to the last trading session as the ready market volume stands at 25.540m as compared to last trading session 61.640m. Future market volume however stands at 1.354m shares as compared to 2.341m shares last trading session. Market capitalisation stands over Rs 2.774 trillion. Total trades decreases to 24,655 as compared to last trading session 46,956. As many as 121 companies advanced, 184 declined and 22 remained unchanged. Highest volumes were witnessed in AHSL at 5.474m closed at Rs 28.55 with a loss of Rs 1.50 followed by DGKC at 2.234m closed at Rs 25.19 with a gain of Re 0.25, JSCL at 1.568m closed at Rs 11.29 with a loss of Re 0.20. The analysts said early high of 40 points amid extremely low turnover, clearly failed to find a follow-up since, downward revision in economic growth target, amid high chances of further tightening in the monetary policy mainly if the mix of conservative approach and dictation continues. They said disallowed execution of the strategy, slow melt down however continued, while specific group stocks did display strength by opening higher and witnessing hand shift at the opening levels during the session. They said post result sell-off in the stock made life difficult for the seller, since buyers in the stock were tough to find, the equation at one point was such, that in order to sell 25k OGDC a rupee had to be compromised, thus forcing the index to undergo under a swift melt down. They informed that with much anticipated and celebrated ready board leverage product no more in sight, it is recommended to sell expensive stocks, either for a safer swap or for partial recovery on dips. They further informed that while once the flooding comes to an end and the river meets the sea, stocks having potential of continuing dividend flows can be accumulated at discounted levels. They said frequent stagnation, shallowness and low volatility will disallow increase in number of participants, while those active will most probably follow the international trend, by placing themselves in a more safer asset class.