KARACHI - KSE 100-index sheds 46 points to close at 7,430 points on Thursday as negativity continued at the local bourse as uncertainty remained over legal outcome of presidential order for raise in petroleum prices after SC orders suspension on carbon tax. Presidential ordinance did address the issue of revenue target that aroused after Supreme Courts decision. Highlighted profits of OMCs and refineries for previous years in the judicial report published did give negative signals to the stakeholders of the sector stocks, besides the action and re-action added to the nervousness pertaining to overall economic and political situation. The local bourses, already handicapped due to absence of leverage tools gave a shaky look. Support provided by traders and seasoned players, however, allowed the likely sellers to wait for strength thereby restricted the likely panic selling at available rates to a sell on strength strategy, thus allowing the benchmark to manage and recover from red numbers. Stagnation, however, made it an uphill task to manage a positive closing. Trading activity was much better as compared to the last trading session as the ready market turnover increased to 144.178m shares from last trading sessions 118.099m shares. Total trading value of the market inched up to 5.491b rupees as compared to 5.112b rupees of last trading session. Market capitalisation decreased to Rs 2.195tr on Thursday as compared to last sessions Rs. 2.206tr on Wednesday. Out of 290 actively traded companies at the Karachi stock market, as many as 129 advanced, 109 declined and the value of the shares of 23 cos remained unchanged. Unexpectedly, Pace Pak was crowned as the volume leader of the day with a turnover of 12.503m shares, followed by Fauji Cement with 10.448m shares, DGCK 10.302m shares, PTCL (SPOT) 10.082m shares, Bank Al-Falah 8.846m shares, JSCL 7.828m shares, Azgard Nine 7.366m shares, OGDC 7.104m shares, Lucky Cement 6.634m shares namely. Top gainers at the KSE include Unilever Pak, up by Rs14.99/share to close at Rs1,975 with a turnover of only 120 shares, Treet Corporation added Rs5.67/share, closing at Rs255.67, Fazal Textile gained Rs4.90/share and closed at Rs355, National Foods up by Rs3.90/share and its value was improved to Rs81.92, KSB Pumps added Rs3.70/share to close at Rs77.70, BOC Pak gained Rs3.17/share and closed at Rs114.32. Conversely, Siemens Pak Engineering lost massive Rs50.75/share to close at Rs966 with the trading of 700 shares on Thursday, Wyeth Pak down by Rs35/share and closed at Rs1,250, Sitara Chemicals lost Rs5.24/share and its value was decreased to Rs154.76, Exide Pak down by Rs3/share and closed at Rs155, EFU General Insurance lost Rs2.47/share, closing at Rs86.77, MCB Bank lost Rs2.10/share and closed at Rs158.14.