KARACHI: The Karachi share market on Monday witnessed negative trend due to prevailing political situation in the country and the benchmark KSE-100 index lost 52.39 points to close at 13,990.38 points. 

The market opened on strong negative note and the index dropped at 13,891.49 points intra-day low level. Trading activities also remained low as the volumes at ready counter declined to 164.070 million shares as compared to 196.158 million shares traded on last trading session.

Total market capitalization reduced by Rs 13 billion to stand at Rs 3.574 trillion. Of the total 369 active stocks, 156 closed in negative and 149 in positive while the value of 64 stocks remained unchanged.

Jahangir Siddiqui Co was the volume leader with 16.270 million shares however lost Re 0.99 to close at Rs 14.93. TRG Pakistan gained Re 0.42 to close at Rs 4.06 with 10.295 million shares. WorldCall Telecom decreased by Re 0.22 to close at Rs 2.81 with 9.310 million shares.

In the cement sector, Fauji Cement inched up by Re 0.03 to close at Rs 6.52 with 7.912 million shares while DG Khan Cement and Lafarge Pakistan lost Re 0.19 and Re 0.17 to close at Rs 39.93 and Rs 4.83 with 7.649 million shares and 7.216 million shares respectively.

NBP declined by Rs 2.03 to close at Rs 45.05 with 7.411 million shares. Engro Foods increased by Rs 2.24 to close at Rs 57.84 with 7.107 million shares. Azgard Nine lost Re 0.43 to close at Rs 7.04 with 6.264 million shares. JS Investments closed at Rs 9.62, down Re 1.00 with 5.712 million shares.

Unilever Food and Wyeth Pak were the top gainers increasing by Rs 108.78 and Rs 19.33 to close at Rs 2459.99 and Rs 749.23 respectively while Nestle Pakistan and Pak Oilfields were the top losers declining by Rs 28.04 and Rs 5.77 to close at Rs 4155.30 and Rs 386.74 respectively.