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

Besides, the major positions were also taken, when the index went down resulting an increase in the volume of the market, he added.

He said that the rise in the volume of market and the buying at the lower level of index indicated the positive sentiments in the future for capital market.

Total volume of shares traded was 297,000, which was up by 8,000 as compared a day earlier's closing.

Of 123 companies' shares traded, the price of 45 was increased while the price of 78 witnessed a decline.

The price of top gainer National Foods was increased by Rs.12.29 while the price of top loser Mitchell Fruit Farma decreased by Rs.16.00.

Maple Leaf Cement, K.E.S.C. and PTCL remained volume leaders on Tuesday, with volume of 168,000, 65,000 and 20,500 shares respectively.