KARACHI - KSE-100 index witnessed profit-taking with closing of 17 points in negative and volumes of 163 million shares traded today. International fear of US Federal reserve expected to tamper its bond-buying stimulus that is being speculated of another $10 billion cut to the bank’s monthly purchase of Treasuries mortgage securities.

Equity expert Farhan Rizvi said that investor’s remained on their back toes to follow the trend of foreign activity that could be dodgy till the conclusion settles with easing of international tampering methods. 

Locals investors and institutions remained lackluster and hoping on the basis of government measures with the rupee-dollar parity, external law and order and depleting of foreign reserves will be carefully observed on such high levels, he added.

KSE-Allshare index added 37.95 points or 0.19 percent to end the day at 20109.34 points, KSE-30 share index shed by 70.26 points or 0.36 percent to stop the day at 19237.42 points while KMI-30 misplaced 171.97 points or 0.39 percent to conclude the session at 43857.64 points.

Out of 415 companies, 233 closed in positive and 167 in negative while the value of 15 stocks remained intact. Highest increased witnessed in Nestle Pak price added Rs 570.75 to Rs 11989 while Unilever Foods was the biggest price loser of the day decreased by Rs 149.50 to Rs 9040.50.

Ahsan Mehanti, analyst at Arif Habib, said uncertain rupee-dollar parity, limited foreign interest, dismal economic data regarding current account crisis, rising circular debt in energy sector played a catalyst role in bearish activity as investors awaited announcements on privatisation and 3G licence auctions in telecom sector.

Day turnover of KSE in term of shares 303.326 million shares compared to 230.025 million shares of the previous day and the value of traded shares reduced to Rs 7.652 billion from Rs 8.388 billion while the market capitalisation settled at Rs 6.560 trillion which was 6.548 trillion on the previous day.

With 48.428 million shares Azgard Nine topped the active list added Re 0.49 to Rs 9.83. JS Co was on the second position with 22.474 million shares increased by Re 0.77 to Rs 12.53. It was followed by JS investment with 14.059 million shares up by Re 0.15 to Rs 13.55 and Lafarge Pak with 10.745 million shares off by Re 0.15 to Rs 10.21 and Bank of Punjab with 9.960 million shares grew by Re 0.16 to Rs 11.47.