KARACHI - The day end offloading by the day traders pushed the local bourse to red-zone on Thursday and KSE-100 index lost 24.16 points to close at 7,051.77 points. The bourse witnessed days highest level of 7,142.96 points, showing clear signs of improvement, however, market came down to 7,026.73 points at one stage on Thursday. Trading activity at the Karachi stock market was healthier with a turnover of 145.560 million shares as compared to 94.969 million shares of last trading session. Total trading value of the market further increased to Rs7.087 billion against Rs4.956 billion of last session. Market capitalisation slightly decreased to Rs 2.092 trillion as compared to last trading sessions Rs 2.099 trillion. Out of291 active scrips at the KSE, at least 100 gained value, 174 lost while the worth of the shares of 17 companies remained unchanged. Commitment of support extended by European Union mainly by pledging healthy amount for IDPs and on preferential trade agreement, approval of support bill by US besides high hopes of materialisation of other financial commitments at various other forums infused confidence amongst the seasoned market players as it was visible by gradual accumulation in the main board stocks available at decent discounts. Above expectation cut in T-bill rates and commitment by the Finance Minister of at least 100 bps decline in upcoming monetary policy and further incentives for industries in the trade policy kept the optimism alive during the session, said a market expert. DGKC was crowned as the volume leader with a turnover of nearly 17 million shares on Thursday, followed by OGDC with 12.460m shares, JSCL 12.203m shares, AHSL 9.510m shares, Lucky Cement 9.312m shares, NBP 8.411m shares, MCB Bank 6.176m shares, PTCL 5.265m shares, Nishat Mills 3.875m shares, Azgard Nine 3.829m shares. Bata Pak was the leading gainer, up by Rs19.17/share to close at Rs559.17, National Refinery added Rs4.37/share and closed at Rs212.11, Atlas Battery gained Rs4.19/share and its value was improved to Rs147.99, Shahtaj Sugar up by Rs4/share, closing at Rs99.99 with the trading of only 100 shares, Dadex Eternit added Rs3.41/share and closed at Rs71.65, Lakson Tobacco gained Rs3.18/share, closing at Rs160.25. On the other hand, MCB bank lost Rs6.78/share and its value was decreased to Rs140.15, Millat Tractor down by Rs5.10/share and closed at Rs284.50, Attock Petroleum lost Rs4.22/share, closing at Rs311.16, Atlas Honda down by Rs4.11/share to close at Rs95, PSO also lost Rs3.31/share and closed at Rs207.50, Mari Gas Co (SPOT) down by Rs3.20/share and closed at Rs149.15, Mirpurkhas Sugar lost Rs3.17/share, closing at Rs60.33 with the trading of only 100 shares. With June closing getting closer, the institutional fund managers stayed reluctant from taking fresh positions. High yielding stocks did invite institutional support of low magnitude mainly from the support fund. The local players, however, succeeded in pushing the likely institutional selling linked to bi-annual closing, from the private sector that would have come in, in case of weak posture.