KARACHI-Panic selling witnessed at KSE following arrest of political leader in UK. The Karachi stock market benchmark misplaced 284.87 points or 0.96 percent to end the day at 29504.98 points compared to 29789.85 points of a day earlier.  Ahsan Mehanti, analyst at Arif Habib Corp, said stock fell short of 60 index points to a new all time high of 30,000 level, expected to cross in the trading session, amid speculations ahead of pro investor Rs3.8tr federal budget due later today. Record PSDP commitments over Rs1.3tr, expectations for exclusive textile package and pro-capital market announcements failed to support the index in lieu of major political instability, he added.

KSE-Allshare index off by 210.69 points or 0.96 percent to stop the day at 21747.35 points, KSE-30 index shed by 187.28 points or 0.92 per cent to finish the day at 20226.78 points while KMI-30 index lost 208.76 points or 0.44 per cent to conclude the days trading at 47004.42 points.

Market traded 319.976 million shares after opening at 270.342 million shares and the value of traded shares was climbed to Rs 13.987 billion from Rs 13.348 billion. Capitalisation of the market maintained at Rs 6.972 trillion after opening at Rs 7.040 trillion of a day earlier.  Trading took place in 387 companies where losers outnumbered the gainers 274 to 98 while the value of 15 stocks not changed. Island Textile and Fazal Textile were the biggest price gainers of the day up by Rs 44 to Rs 924 and Rs 40 .01 to Rs 840.23. Sanofi-Aventis and Indus Dyeing were the top price losers of the day decreased by Rs 48.50 to Rs 921.50 and Rs 47.02 to Rs 893.48.

K-Electric Ltd topped the active list with 33.443 million shares as it closed at Rs 8.44 after opening at 8.60. It was followed by Fauji Cement with 27.326 million shares off by Re 0.25 to Rs 19.34. The further participant of top ten scrips shows as  Bank of Punjab with 26.511 million shares fell by Re 0.51, Maple Leaf cement with 23.293 million shares up by Re 0.09 to Rs 31.19, Lafarge Pak with 21.868 million shares down by Re 0.05, Byco Petroleum with 14.510 million shed by Re 0.35, PIAC(A) with 11.760 million grew by Re 0.50, JS Co with 9.727 million shares reduced by Re 0.33, Dewan Motors with 9.654 million shares added Re 0.23 and JS Bank Ltd 7.105 million shares up by Re 0.13 respectively.