KARACHI: Pakistan equities retreated on Monday following gains last week with benchmark KSE-100 Index settling over 41,200 level, down 0.5%. KSE-100 index was down 196 points to close at 41,239 index level. Market overall witnessed a very dull trading session as general lack of interest from institutions and retail investors alike culminated in a dismal turnover of just under $35 million on KSE All Index, lowest since May 2015. Index traded in a band of almost 300 points with some exception of trading volumes of OGDC and MLCF going over a million mark. Pressure remained in selected scrips across the board on investor concerns for prevailing political noise as investor weigh outcome of SC hearing on NAB petition of ex-prime minister and renewed concerns for economic uncertainty, said Ahsan Mehanti, senior analyst. Trade remained low amid investor support in selected oil, banking and auto stocks on higher global crude prices, surging cement dispatch data, upbeat financial results and gains on levy of higher regulatory import duties in auto sector. Concerns for dismal economic outlook played a catalyst role in bearish close. Lack of any trigger and political instability remain a key concern for investors. Concerns over delay in the conduct of general election and outcome of accountability cases against the ruling government kept investors sidelined despite cheap valuations, analyst at Topline Securities said. Traded volumes were down 32% to 87 million shares whereas traded value declined to Rs 3.7 billion, down 35%. Stocks, including PPL (-1.4%), DAWH (-3.1%), HUBC (-1.3%), UBL (-1.1%) and MARI (-1.6%), withheld 105 points, whereas MCB (+1.2%), TRG (+5%), OGDC (+0.7%), SHFA (+5%) & FATIMA (+1.7%) added 52 points to the index. Oil and gexploration and fertiliser sectors contributed 40 and 34 points to index decline, respectively, whereas technology and communication sector added 10 points to the index. Equity analysts expect range bound trading in near-term with 42,100 remaining an important resistance level for Index to terminate ongoing bearish structure. Published in Daily Times, November 14th 2017.