A profit-booking spree dislodged the bullish reign at Pakistan's Karachi Stock Exchange (KSE) Tuesday as the market witnessed resistance at above 10,550 levels, however, the main index managed to sustain the 10,400 levels. The benchmark KSE 100-Index fell by 28.02 points to close at 10, 419.82 levels, the KSE 30-Index declined by 45.43 points to conclude at 10,661.88 levels, whereas the KSE All Share Index dipped by 18.20 points to finish the day at 7,334.49 levels. Despite a negative closing, market volumes showed improved numbers as a trading of 244.706 million shares was recorded which is 22.185 million shares more when compared with Monday's turnovers of 222.521 million shares. The market started off the day amid positive numbers once again and recorded bullish activities for some time where foreign investors continued with their buying spree that helped the main index to go past 10,500 levels. Owing to the initial burst, the main index found its intraday high of 10,554.52 levels within the first couple of hours. However, as has been the case, the second part of the trading day once again came with a selling spree that erased all of the gains and the key index hit the lowest level of the day of 10,419.82 levels during the final minutes of the session. Syed Faran Rizvi, Director SMH Financial Solution told Xinhua that the market resistance level for Tuesday was 10,482 levels and once the market crossed that barrier there were always chances of profit-taking. He further stated that the short-term traders are expected to book profits in the near term. Advising the investors, Syed Faran Rizvi said that the investors should sell on strength as this decision would give them maximum benefits at current levels. The market will receive support at the level of 10,225, he added. Lotte Pakistan PTA Limited emerged as the top traded scrip of the day with a trading of 62,934 million shares, followed by Azgard Nine Limited, National Bank of Pakistan, Fauji Fertilizer Bin Qasim Limited, and Pakistan Telecommunication Company Limited. In the broader market, a total of 421 scrips traded hands during the course of the day where losers outnumbered gainers with a ratio of 215 to 184 whereas prices of 22 other issues remained unchanged. Khalid Saifuddin of Safely Invest informed Xinhua that for the last couple of trading sessions, it has been specifically noticed that local investors are following the suit of the foreign investors, who net invested 3,941,128 U.S. dollars Monday, which is of course very healthy for the market. However, the biggest question that arises in the minds is why the local traders do not believe in this rally and why are mutual funds still selling? While commenting on the external factors on the market proceedings, Khalid Saifuddin said that investors are looking for some positive measures from the finance ministry to balance the incoming budget against the rising inflation. The new wave of violence in Khyber Pakhtunkhwa may disturb new entrants into the market, he added. He said that the market still has some positive triggers in store where the incoming International Monetary Fund's fifth tranche holds the key while the re- launch of the leverage product at Pakistan's premier bourse would also help rev up the investor confidence. 