LAHORE - While the market had become hostage due to non availability of supporting funds and the clear cut date of removing floor mechanism, business on Friday in Karachi Stock Exchange (KSE) resumed with almost dead slow throughout the day and remained limited, flat and dry combined with historic volume sliding down at its lowest ebb. The benchmark KSE 100-index witnessing no change closed at 9,187.10 points while investors remained on the sidelines. The deserted bourse presenting a barren region and it seems that there was no business activity on Friday as investors stayed out of the trading arena making a landmark in its history. With this unfruitful activity in KSE, income has plunged down to an alarmingly low level, as the volume trading persistently kept dropping because the investors preferred waiting on the sidelines. Some time earlier bourse used to earn at least Rs 8.00 million daily from the exchange log but it has now dropped down to less than Rs 10,000 per day on account of tumbling volume of trade. It would not be out of place to mention here that technical closure of market entered its fourth month which is perhaps the longest peacetime shut down of any equity market in the world. Though currently market is facing multi-faceted problems that had aggravated the situation but removing of floor mechanism and market supporting funds for which government had earlier promised to pour in the bourse remained main stumbling blocks which contributed to the stock market chaos. The off-market trading also frustrating traders' confidence and with this already worsen situation now becoming out of control. Earlier, when Advisor to PM Shaukat Tarin visited the bourse and promised that market supporting fund would be injected within a week, all traders and brokers were happy and cheered the news but with waiting for such dreams to materialise most of the brokers had lost their almost life-long savings and now waiting for a miracle to be happened. Now uncertainties and suspicions are hovering the market and KSE directors planning to approach Advisor to PM Shaukat Tarin to confirm the reports that either the International Monetary Fund (IMF) had restricted the government from lifting the floor rule. As these speculations haunted the members of KSE board and they still could not converge on the point to remove the floor mechanism. The pity is that even they could not announce the date for removing it. It is certain that unless many hurdles including liquidity shortage and floor mechanism are not removed, the benchmark index would remain dry and flat in the days to come. On the other hand, the Competition Commission of Pakistan (CCP) has decided to issue a show cause notice to Karachi Stocks Market over imposing a price floor mechanism. CCP Chairman said KSE's decision to impose a floor in the market is unjustified because a group of investors was adversely affected due to this capping the loewer prices of shares. He further said that the authorities of KSE would be asked to clarify position in this regard. It would be worth-mentioning here that the trading volume further reduced in size to the new historic lowest to 3,700 shares compared to the previous lowest 19,660 shares on November 18. Millat Tractors was the scrip which led the market volumewise. Total 10 scrips traded in the bourse in which only one company recorded gains while three scrips sustained losses and two scrips remained unchanged. The highest trading on Friday was seen in the scrip of Millat Tractors which remained unchanged closed at Rs 163.92 with volume of 2,000 shares traded followed by Al-Asif Sugar which lost its value to Re 0.11 closed at Rs 4.14 with volume of 500 shares. Gharibwal Cement and Mohammad Farooq also lost their values to Re 0.16 and Re 0.20 closed at Rs 17.47 and Rs 2.00 respectively with volumes of 500 shares each. Kot Addu Power remained unchanged closed at Rs 37.80 with volume of 100 shares while Pak Datacome Limited was the sole scrip which gained Friday trading of Re 0.50 closed at Rs 47.70 with volume of 100 shares traded. Meanwhile, the KSE-30 index remained unchanged and closed at 9981.93 points and KMI-30 index with no change closed at 11224.18 points. While, Lahore Stock market though witnessed upward trend as LSE-25 index closed at 2825.36 gaining mere 0.02 points. Total turn over also witnessed the historic lowest ebb and only 100 shares were traded on Friday trading. In all the 72 companies transacted on the day, two scrips could move up while only one scrip moved down and rates of all other scrips remained unchanged. FFC was the sole scrip that gained its value of Rs 2.00 closed at Rs 109.00 with volume of 100 shares.