KARACHI - Lack of interest by the investors resulted in mixed activity at the Karachi Stock Exchange as the KSE-100 index shed nominal 12.04 points on Friday to close at 7039.73 points. Once again, low volume was a matter of concern in view of most of the market experts. Market turnover was nearly 97m shares which is even below the average trading activity of the market. The KSE-100 index witnessed days lowest level of 6,980 points, going down the 7,000 mark. However, index bounced back and made a high of 7,078.07 points during the last trading session of the week. Trading activity was again depressing as the ready market turnover came down to 96.955 million shares from 145.560 million shares of last session. Total trading value of the stock market dropped to Rs4.920 billion from Rs7.087 billion of last session. Market showed some sort of improvement on Wednesday and crossed the 7,000 psychological barrier but last two sessions once again alarmed the local participants and no clear picture is available which could show where the market is heading towards. Market capitalisation slightly decreased to Rs 2.088 trillion on Friday as compared to last sessions Rs 2.092 trillion on Thursday. Out of 256 actively traded companies at the Karachi stock exchange, 98 managed to advance, 131 declined while the worth of the shares of at least 27 cos remained unchanged. Cement sector was in the limelight on the last trading day of the week plus banking sector illustrating a positive posture. E&P giant OGDC was observed as the volume leader of the day with a turnover of over 12 million shares. Among other sound-traded shares were JSCL with 9.737m shares, DGKC8.818m shares, AHSL 8.024m shares, MCB Bank 6.287m shares, Bank Al-Falah 5.676m shares, Nishat Mills 3.494m shares, NBP 3.340m shares, Lucky Cement 3.287m shares, PTCL 3.232m shares namely. Leading gainers at the KSE include Nestle Pakistan, up by Rs46.25/share to close at Rs971.25 with the trading of only 100 shares, followed by Bata Pak, gaining Rs25.74/share and closed at Rs584.91, Attock Petroleum added Rs5.57/share and its value was improved to Rs316.73, Exide Pak gained Rs4.37/share, closing at Rs159.99, Dadex Eternit up by Rs3.58/share and closed at Rs75.23, Service Industries also gained Rs1.93/share to close at Rs107.52. On the other hand, Siemens Pak lost Rs9/share and its total value was decreased to Rs1,050 with the trading of only 100 shares, ICI Pak down by Rs7.43/share to close at Rs145.44, Pak Services lost Rs6.65/share and closed at Rs126.35, Sanofi-Aventis down by Rs6.12/share, closing at Rs116.43, Indus Motor lost Rs6.09/share and closed at Rs115.88, Atlas Honda down by Rs4.74/share and closed at Rs92.26. A market source told The Nation that some members have not cleared their dues of last stock market crisis while the deadline of clearing such dues is near and this could be a reason of volatility in the market because banks will sell-off the shares of the defaulters after the deadline is over. Market is unstable and we cannot only blame the unavailability of CFS, there are other reasons as well including the lack of investment interest among foreign traders plus lack of confidence among local participants, said a stock broker adding, stocks having a high tendency of hitting upper/lower locks should be avoided, healthy turnover should be awaited for trading in the group specific stocks, having high chances of portfolio appreciation.