KARACHI: Selling pressure was witnessed at Pakistan Stock Exchange (PSX) as benchmark KSE-100 Index lost 1,141 points during trading session.

KSE-100 started session with some positivity, hitting an intra-day high of 78,330.10. However, selling pressure helped bears hold ground and pushed index into negative territory. At close, benchmark index settled at 77,084.49, down by 1,141.50 points or 1.46 percent.Volume on all-share index increased to 501.2 million from 443.48 million session ago. Value of shares rose to Rs 21.06 billion from Rs 20.5 billion in previous session. Kohinoor Spinning was volume leader with 86.04 million shares, followed by Yousuf Weaving with 32.8 million shares and WorldCall Telecom with 19.64 million shares. Shares of 442 companies were traded on Monday, of which 129 registered an increase. , 261 recorded fall while 52 remained unchanged. V “Significant drop was primarily due to investor skepticism as global stock markets tumbled,” brokerage house Ismail Iqbal Securities said in its post-market report. Globally, Tokyo led collapse across Asian equities Monday, while yen hit six-month high after weak US jobs data fanned fears of recession in world’s top economy and boosted bets on several Federal Reserve interest rate cuts.