KARACHI - The KSE 100-index loss further 93 points to close at 9,154 points on Thursday as extensive selling continued while investors remained concerned over continuing foreign divestment from local capital market. Strong result announcements and rising global commodity prices supported the market near the end of trading session despite major concerns over security situation in the country on SWA military operation, expressed analyst Ahsan Mehanti. Despite massive shrank in current account deficit and Cabinet cleared US aid (Kerry Lugar) bill, market witnessed another dismal day, as the equities remained weak and dreary. The benchmark KSE 100-index plunged further 93.79 points to close the day at 9,154 level after breaching the psychological 9000 level. Trading activity decreased a tad bit as the volumes descend to 189 million shares as compared to 204 million shares traded previously, mainly because of minor domestic and foreign institutional activity. However, after opening positively and hitting high of 9349.35 an enormous selling duress seen throughout the board and many stocks touched their day low limit due to firing incidents in capital city, Islamabad. Subsequently some buying glimpsed at lower level in cherry pick stocks by local Institutions. Meanwhile, KSE 30-index closed at 9,662.20, showing a loss of 108.03 points. Moreover, total trading value of the KSE slightly improved to Rs 10.075b against Rs 9.267b of last session. Karachi market capitalisation squeezed to Rs 2.653tr as compared to Rs 2.678tr, witnessing a loss of Rs 25b in just one session. Of 397 actively traded scrips at the local bourse, only 104 gained value, at least 271 lost while the worth of the shares of 22 stocks remained unchanged. The stocks attaining the values wherein their multiples were in line with the local strength did invite accumulation by local high net worth and corporate participants since the recent dollar based run-up targeted index heavy weights, losses incurred in the stocks still being termed expensive failed to invite local liquidity thereby keeping the benchmark in extreme red zone. Absence of ready board leverage and presence of newly introduced CLM, however, disallowed the local participants to strengthen their position and face dollar based sell-off with vengeance, besides, law and order led hoax forced the preference of staying liquid a priority, seasoned participants however accumulated stocks available at low multiples and offering high yields, the visitors however preferred staying sidelined, constant accumulation triggered short covering in the closing hours, thereby allowing the index to stage a decent comeback. The rumours regarding major change in set-up did add to the local nervousness thereby keeping the local equity markets under severe pressure, said a market expert. AHSL topped the volume leader list with the trading of 16.482 million shares on Thursday, followed by Pak PTA with 13.647m shares, JSCL 11.401m shares, Bank Al-Falah 11.329m shares, PTCL 10.059m shares, NBP 7.598m shares, FFBL 7.525m shares, OGDC 7.039m shares, DGKC 6.101m shares, HUBCO 5.655m shares namely. Leading gainers at the KSE include Grays of Camb (SPOT), up by Rs9.90/share to close at Rs207.97 with the trading of only 201 shares, Shahtaj Sugar Mills added Rs6.54/share and its total value was improved to Rs151.54, Service Industries gained Rs4.86/share and closed at Rs236.17, Indus Motor up by Rs4.53/share and closed at Rs184.74, Millat Tractor added Rs3.86/share to close at Rs317.65. Prominent losers at the exchange include Rafhan Maize, down by massive Rs85/share and its total value was decreased to Rs1,615, Siemens Pak Engineering shed Rs50/share to close at Rs1,400 with a tiny turnover of only 7 shares, Hinopak Motors lost Rs14.26/share and closed at Rs271.10, Colgate Palm down by Rs13.79/share, closing at Rs295.77, Mari Gas (SPOT) down by Rs11.05/share to close at Rs287.01.