Stock Analyst, M.M Hassan told APP that the technical correction was seemed in the local stock market due to the profit taking by the major investors.

Besides this, Pakistan Petroleum Limited (PPL) remained the most traded scrip because it has announced positive results with cash dividend and bonus shares, he added.

Moreover, the investors were seen to play both way, when the index came down, they took positions and it went up, the positions were off-loaded to take profit, he said.

A total of 113,700 shares were traded, which were up by 10,700 shares as compared to previous day's trading of 103,000 shares.

Out of 113 companies, share prices of 57 companies recorded increase and those of 56 registered decrease. No company remained stable.

The share price of Unilever Pakistan increased by Rs. 200.05 while that of Abbott Laboratories decreased by Rs. 5.82.

Lafrage Pakistan Cement, Pakistan Petroleum and D.G. Khan Cement remained the top trading companies with 108,500, 2,700 and 1,000 shares respectively.