KARACHI: Pakistan Stock Exchange Tuesday closed in negative territory as the local investors preferred to book profit after a bull-run for 13 consecutive sessions.

BRIndex100 lost 28.16 points or 0.61 percent to close at 4,602.21 points. BRIndex100 touched intraday high of 4,636.31 and intraday low of 4,567.33 points. Volumes stood at 202.523 million shares.

BRIndex30 decreased by 231.73 points or 0.97 percent to 23,563.26 points with a turnover of 150.911 million shares.

The benchmark KSE-100 index declined by 297.78 points to 42,814.34 points. Trading activity remained low as daily volumes on the ready counter decreased to 225.340 million shares as compared to 270.611 million shares traded Monday.

Foreign investors remained net buyers of shares worth $6.5 million. The market capitalization declined by Rs 63 billion to Rs 8.920 trillion. Out of total 370 active scrips, 217 closed in negative, 132 in positive while the value of 21 stocks remained unchanged.

TRG Pak was the volume leader with 23.513 million shares. It increased by Rs 1.36 to close at Rs 30.78 followed by WorldCall Telecom that lost Re 0.17 to close at Rs 3.00 with 19.448 million shares.

Wyeth Pak and Island Textile were the top gainers with Rs 79.65 and Rs 44.95, respectively to close at Rs 1,672.72 and Rs 962.75. Bata Pak and Sanofi-Aventis were the top losers with Rs 46.66 and Rs 40.39, respectively to close at Rs 2,450.00 and Rs 1,510.00.

BR Commercial Banks Index declined by 109.36 points or 1.25 percent to close at 8,649.54 points with total turnover of 17.093 million shares.

BR Cement Index decreased by 27.2 points or 0.49 percent to close at 5,511.68 points with 12.537 million shares.

BR Oil and Gas Index lost 13.39 points or 0.25 percent to close at 5,238.05 points with 19.619 million shares.

BR Tech. & Comm. Index gained 16.15 points or 1.44 percent to close at 1,137.07 points with 44.952 million shares.

BR Power Generation and Distribution Index closed at 6,445.99 points, down 111.19 points or 1.7 percent with 6.928 million shares.

Ahsan Mehanti at Arif Habib Corporation said that stocks closed lower on investor concerns for economic uncertainty amid surging current account deficit and ongoing rupee depreciation. He said dismal data on external account, ongoing political noise and late session institutional profit taking played a catalyst role in bearish close at PSX.

An analyst at Topline Securities said after rallying hard for past 13 consecutive sessions where Pakistan equities gained 14 percent or 5,193 points, some profit taking was witnessed as Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri announced a countrywide protest movement against the Pakistan Muslim League-Nawaz (PML-N) government which will commence from January 17.

At the close KSE-100 index shed 298 points/0.7 percent to close at 42,814 points level.

Sui Gas companies (SNGP up 5 percent and SSGC up 3 percent) continued to sky rocket on the back of third LNG pipeline financing.

Top 5 Index point decliners were HBL (down 2.4 percent), UBL (down 2.2 percent), OGDC (down 1.0 percent), PPL (down 1.1 percent) and HUBC (down 1.5 percent) that withheld 184 points from the index gain whereas gainers included SNGP (up 5 percent), PSO (up 2.4 percent), FFC (up 1.6 percent), BAHL (up 2.1 percent) and NML (up 3.1 percent) withholding 108 points.

On the sector front; Commercial Banks took away 155 points, E&Ps held back 68 points, Power 40 points, Auto’s 36 points, Pharmaceuticals 23 points, Cements 21 points, while on the flip side OMCs added 63 points, Textile 15 points and Cable 11 points.