The index felt the political turmoil prevalent in the city with investors exercising caution.
At close, the Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.58% or 171.98 points to end at 29,711.12.
Shares of 360 companies were traded on Monday. Of these, 246 companies declined, 105 closed higher while 9 remained unchanged. The value of shares traded during the day was Rs6.1 billion.
Lalpir Power was the volume leader with 11.2 million shares, losing Rs0.10 to close at Rs19.22. It was followed by Dewan Motors with 10 million shares, gaining Rs0.48 to close at Rs10.48 and Pakistan International Bulk Terminal with 6.8 million shares, losing Rs1.01 to close at Rs22.63.
Foreign institutional investors were net sellers of Rs891 million worth of shares during the trading session, according to data compiled by the National Clearing Company of Pakistan Limited.
