KARACHI - Stocks closed lower amid thin trade at KSE on investor’s concerns for the freeze of $700m US military aid for Pakistan and rising political uncertainty on commission probe on memo case.

KSE 100-index fell by 0.58 percent or 65.65 points to close at 11282.01 levels, KSE- Allsahre Index loss 0.53 percent or 41.68 points to end at 7815.14, KSE-30 Index increased by 0.16 percent or 16.17 points to finish at 10195.20 while the KMI 30-Index ended up 0.01 percent or 1.47 points to end the day at 20139.18 levels. Trading took place in 325 companies during the course of the day prices of 105 issues advanced, 103 declined while the value of 117 scrips stayed unchanged.

Fatima Fertilizer Company was the top traded company of the day with trading of the day at 9.985 million shares in its scrips, followed by the Fauji Fertilizer Bin Qasim, Engro Corporation, NIB Bank limited and Arif Habib Company SD with turn over off 3.3350 million, 2.489 million, 1.779 million and 1.414 million shares respectively.

Fauji Fertilizer was the top price gainer company of the day with an increment of Rs4.41 to close at Rs153.95 while on the other hand Nestle Pakistan XD led the major decliner of the day with a decrement by Rs143.61 to finish the day at Rs3453.50.

KSE Index managed to close above session lows on institutional support after local fertilizer prices were raised upto Rs100 per 50 kg bag on gas shortfall in the country and hike in local petroleum and energy prices improving sector valuations.