karachi - After posting positive closing in the past 10 sessions, KSE benchmark 100 index for the first time in January, 2014 closed in the negative zone, losing 32 points.

Stock expert Asad Siddiqui said amid healthy participation some profit-taking was seen, especially in main board items like OGDC, PSO, FFC, FFBL and NML amongst others. Led by expectation of higher earnings and better dividend, interest was seen in POL as the srcip rallied 2pc to close at Rs529.36.

KSE-Allshare index off by 95.39 points or 0.48 percent to close the day at 19947.67 points, KSE-30 share index misplaced 33.26 points or 0.17 percent to stop the day at 19578.46 points while KMI-30 share index added 10.16 points or 0.02 percent to conclude the session at 44482.29 points.

Market traded 348.056 million shares after opening at 306.631 million shares and the value of traded shares was reduced to Rs 9.289 billion from Rs 10.049 billion while the capitalisation of the market settled at Rs 6.471 trillion compared to Rs 6.502 trillion of a day earlier.

Out of 412 companies 237 closed in negative and 158 sin positive while the value of 17 stocks remained intact. Unilever Foods was the biggest day price gainer up by Rs 454.65 to Rs 9547.65 followed by Indus Dyeing up by Rs 48.45 to Rs 1199.95. Nestle Pak and Island Textile were the biggest price losers decreased by Rs 210.83 to Rs 9700 and Rs 64.19 to Rs 1219.72.  Amid profit-taking in overbought market after dismal SBP report on rising government debt and falling FX reserves, market expert observed. Investors remained cautious ahead of SBP policy rate announcements tomorrow (on Friday). Trade remained high amid concerns for rising circular debt in energy sector despite expectations for rising textile and cement exports next year.

Limited foreign interest and gas shortfall in industrial sector played a catalyst role in bearish activity at KSE, he added.  Volume charts were led by JSCL with 44.755 million shares traded followed by KESC with trade of 37.902 million shares while TRG saw 23.317 million shares exchanging hands. The other top ten participants were  Azgard Nine with 20.629 million , Telecard with 12.588 million, Descon Chemical with 12.078 million, Pace (Pak) Ltd 9.675 million, Bank of PunjabXR with 8.413 million, Dera Ghazi Khan Cement with 8.055 million and WorldCall Telecom with 6.883 million shares respectively.