The Karachi Stock Exchange (KSE) on Monday witnessed a bearish trend on the first day of the week as political tension flared up in the country. <br /> <br />In the first half an hour, the benchmark 100-index shed more than 1,000 points to peg below 29,000 points. <br /> <br />The stock brokers blamed the current political turmoil for the drop in points. <br /> <br />The Bloomberg also recorded that the KSE-100 Index declined 4.5 percent to 28,072.12 at 10:15 a.m. in Karachi, heading for its steepest drop since February 2009. <br /> <br />Meanwhile, investors were selling their over-bought shares in panic after the government decided to prevent PTI and PAT’s march scheduled on August 14. <br /> <br />The buyers were also seen reluctant in buying the shares due to the growing political uncertainty <br /> <br />The Cement and banking sector fell 35% and 27%.
