LAHORE - Monday was the first day of business week in Karachi Stock Exchange when bourse witnessed bearish activities where conscious and less-assured investors remained more busy in selling their holdings rather purchasing and propel the market to land into negative column at the closing time which shed 0.8083 per cent following the selling in leading scrips. The Karachi Stock Exchange's benchmark KSE-100 index shed 43.47 points to close at 5,333.95. Volume remained at 177.668m shares far below the average over 250m traded daily last year. On Monday the trade session was started with negative sentiments and bourse sank over 60 points in the morning. After some time the market recovered and it landed into positive column showing 10 points gained but within a short span of time it again sank to negative column but recovered and reached at crossing line but in positive side. At mid-day, the market gained over 45 points but with the passage of time it rapidly approached to cross line and landed into negative column and lost over 20 points. At 2.00 pm, it again recovered and stopped at the cross line but in positive side. It again travelled to negative side and lost over 50 points and at the end of the last session it shed 43.47 points. However, in trade, investors took particular interest in the banking sector which drew maximum activity. The market analysts believed that resistance might be witnessed at 5400 points. Apparently the panic sentiments were raised due to selling pressure by investors who were worried over their holdings. They, afterward, were seen in disposing off their holdings hurriedly It is pertinent to note that foreign investors had already withdrawn $440m of a total of $1.8b in holdings from the KSE in 2008. Last week, the positive trend of market, according to analysts, was because government institutions like NIT is actively involved in the market with its market supporting fund which had been allocated to buy eight major ill scrips which would be sale out to expatriate Pakistanis living in different countries of the world. This market supporting fund was the real cause of supporting the funds and dragged the market to such high level. But today traders took profit-taking out of the shares trading and bourse reversed slightly and sank to negative note and this negative trend sustained until the close of the market. While LSE also shed 19.32 points as LSE-25 closed at 1,488.38 points as compared to 1,507.7 points on Friday trading wherein 20,317,500 shares were traded while 44 remained equal, 36 shed values and 23 scrips moved up. At KSE, 107 scrips recorded gain, 146 landed in the negative column and 11 scrips remained unchanged out of a total of 264 cos. Meanwhile, the KSE-30 index also landed into advance column and gained 3.10 points wrapped up at 5,198.91 points while KMI-30 index shed 95.62 points closed at 7,087.30 points. On Monday at KSE, volumewise leader remained NIB Bank shares. At KSE, NIB Bank being volumewise leader lost its value of Re 0.58 closed at 5.42 with volume of 22,311,000 shares followed by OGDC also lost its value of Rs 1.35 closed at Rs 44.62 with volume of 12,183,600 while WorldCall Telecom landed in the negative column and dipped down to Re 0.23 closed at Rs 3.04 with volume of 9,385,000 shares traded. National Bank and Maple Leaf Cement, however, gained their values of Re 0.99 and Re 0.30 closed at Rs 57.56 and Rs 4.69 with volumes of 8,8,00,800 and 8,176,000 shares respectively. While Nishat Mills, PTCLA and TRG Pakistan shed their values of Re 0.96, Re 0.22 and Re 0.13 closed at Re 0.98, Rs 15.49 and Rs 1.70 with volumes of 7,878,900, 5,107,500 and 4,587,500 shares respectively. Arif Habib Sec and Arif Habib Bank gained their values of Re 0.98 and Re 0.63 closed at Rs 19.39 and Rs 6.83 with volumes of 5,900,500 and 5,432,500 shares respectively.