KARACHI - Declining trend in the value of local currency increased the nervousness amongst local participants which led to a massive sell-off and consequently KSE-100 index shed another 36 points to close the day with 7,674.77 points on Tuesday. Low volume price erosion led to panic, a brief suspension in trading due to technical faults created a backlog, which was released with high intensity when trading resumed at the local bourse. Moreover, rumours on foreign selling in banking/oil scrips played a key role in negative activity. The KSE-100 index kicked-off the day in green numbers, up by 5.21 points and the index was unable to sustain the positive momentum. Market lost 36.29 points to close the day at 7,674.77 points on Tuesday. Market witnessed a technical knockout on Tuesday as market became powerless and dysfunctional for almost half an hour. Local bourse continued to struggle to maintain its positive momentum and lost the upward direction. During the intraday the index lost 130 points, but later recovered substantially to close the index at 7,675 points. However, index was unable to maintain the psychological level of 7,700 points. We can say market has entered the correction phase, with one way journey. It is recommended that investors need to be vigilant before making any investment decision, said Shahid Ali at HMFS. Trading activity was unhealthy as compared to the last trading session. The ready market turnover decreased to 82.216 million shares as compared to last trading sessions 122.593 million shares. Total trading value of the stock exchange moved up to Rs 6.027b from last sessions Rs 4.805b. Market capitalisation further decreased to Rs 2.265tr against Rs 2.275tr of last trading session. Of 387 actively traded symbols at the KSE, at least 149 gained value, 190 lost and the value of 47 stocks remained unchanged. Engro earnings nearly matched the expectation but the dividend announcement surprised lot of investors. E&P sector witnessed selling pressure but fortunately didnt lose much ground. We are waiting for FFC to declare better dividend as FFBL and Engro already declared handsome dividend. AHIL results were quite a disappointment, which turned all companies of the group started heading downwards expressed a stock broker. Fauji Cement was crowned as the volume leader of the day with a turnover of 9.068 million shares on Tuesday, followed by DGKC with 8.483m shares, Adamjee Insurance 7.417m shares, Maple Leaf 7.083m shares, Azgard Nine 6.040m shares, Lucky Cement 5.756m shares, Pak PTA 5.544m shares, Netsol 5.535m shares, JSCL 4.913m shares, AHSL 4.828m shares namely. Leading gainers at the market include Rafhan Maize, up by Rs59/share to close at Rs1,599 with the trading of only 1 share, Siemens Pak Engineering gained Rs49.03/share and its value was improved to Rs1,064.03, Treet Corporation added Rs13.67/share, closing at Rs360, Fazal Textile up by Rs12.65/share and closed at Rs312, Unilever Pak gained Rs8.61/share to close at Rs2,012.61. Conversely, Shezan International lost Rs7.41/share to close at Rs145.59, Pak Suzuki down by Rs4.77/share and its total value was decreased to Rs99.17, AHL lost Rs4.59/share, closing at Rs87.35, MCB Bank down by Rs4/share and closed at Rs166.17, Sanofi-Aventis down by Rs3.82/share to close at Rs113.18 with a small turnover of only 300 shares, Colgate Palm lost Rs3.80/share to close at Rs306.98.