Investors remained concerned over the outcome of the meeting between Pakistan government and International Monetary Fund (IMF) officials and took a cautious exit from the Karachi Stock Exchange (KSE) on Friday as equities record mild bearish session on final trading session of the week. The benchmark KSE 100-Index slipped by 36.59 points to close the day and week below the psychological 10,600 mark at 10,598.40 levels, KSE All Share Index also followed the suit and dipped by 28.04 points to end at 7,382.41 levels, KSE 30-Index fell by 46.27 points to conclude at 10,154.91 levels, and KMI 30-Index shed 34. 22 points to finish at 16,715.36 points here. The market started the day amid negative trading activities as investors showed little interest in an oversold market which gave an initial advantage to bears. However, market showed some resilience in the second half and the key index went on to achieve the intraday highest level of 10,660.72 levels before another selling spree hit the Exchange. Local as well as foreign investors booked profits at higher levels which dragged the main index down to its lowest point of the day of 10,569.12 before closing little higher. Market volumes almost ended flat at 103.969 million shares which are just 5.965 million shares lower when compared to Thursday's turnovers of 109.934 million shares as investors mostly opted to take a safe exit owing to the last trading day of the week myth while things were also not clear about the outcome of the Pakistan-IMF meet. Pakistan government officials and the IMF authorities held the technical round of negotiations on Wednesday after which another round of policy negotiations would be held when Adnan Mazarei, the head of the IMF review mission, would reach Pakistan. As per the reports, the IMF technical team has expressed reservations on the policies of the Islamabad-incumbent government as the democratic setup has failed to impose a ten percent income tax surcharge in a bid to generate additional income. Commenting on the market situation, Syed Faran Rizvi, Director SMH Financial Solution, told Xinhua that selling activities were always on the cards as the market was already trading close to its 52-week high thus showing weakness. He further elaborated that following the result season, investors pounced on the profit-making opportunity and took an exit as the bulls are already exhausted in the market. 'We are seeing major support at the level of 10,436 as market has broken its consolidation phase,' he viewed. While advising the investors, Syed Faran Rizvi said, 'We recommend traders to adopt wait and watch strategy on Monday as by that time things would be pretty clear about the future of the sixth tranche of IMF loan.' In broader market, a total of 371 companies changed hands during the course of the day where prices of 196 issues declined, 153 advanced, while rates of 22 other scrips stayed unchanged at Thursday levels. As per the figures released by the National Clearing Company of Pakistan Limited (NCCPL) for Thursday, the foreign investors made full use of the profit-making opportunity and went for a big selling as they net sold shares worth 324.881 million rupees (3. 777 million U.S. dollars). National Bank of Pakistan was the top traded scrip of the day with trading of 9.521 million shares, followed by Nishat Power Limited, Fauji Fertilizer Bin Qasim, Nishat Chunian Power, and JOV and Company with turnovers of 6.719 million, 6.277 million, 5.535 million, and 5.316 million shares respectively. Rafhan Maize Product led the top price advancers of the day with 82.00 rupee increment in its scrip to close at 1733.00 while on the other hand Unilever Foods Limited topped the major price shedders as it lost 50.00 to end at 1000.00 rupees. (1 U.S. dollar equals 86 Pakistani rupees) 