KARACHI - Selling pressure grabbed the bourse on Monday and the stocks fell nearly one per cent after the SBP announced on Saturday a cut of 100 basis points in its key policy rate, disappointing investors who had expected a larger cut. The KSE 100-index shed 78 points to close at 7,932 points. Market moved down to the 8,000 points psychological mark as the investors remained concerned on high leverage cost and limited activity by institutional/retail investors. However, Moodys upgrade on Pakistan sovereign debt ratings outlook to stable and limited foreign interest supported the market for recovery near close, expressed Ahsan Mehanti of Shehzad Chamdia Securities. After a gap of several trading sessions, the KSE 100-index opened in the red zone, showing a loss of 3.49 points and at the end of the day closed at 7,932.55 points with a loss of 78.76 points on Monday. KSE 30-index closed at 8,408.93 points after losing 118.68 points. The monetary policy statement can be termed as positive for the market, the question arise whether the discount rate cut made by SBP meet the investors expectation. We firmly believe it doesnt matter a lot. But logically investors try to justify the market move as a result of lower than expected deduction in discount rate, said market expert Bilal Asif. Trading activity was unhealthy as compared to the last trading session. The ready market volume squeezed to 137.993 million shares as compared to last trading sessions 174.394 million shares. The unrest in the city due to murder of religious leader has instigated violence, which can be termed as a justifiable reason. Holbrooke meeting with mainstream leadership of the country, which may increase the uncertainty regarding the US policy related to Pakistan. As always index incorporated all the above mentioned factors before moving in any direction. Once again the much awaited, tested and tried 8,000 level was broken. Market capitalisation decreased to Rs 2.338tr as compared to last sessions Rs 2.361tr, showing a loss of Rs 23b. Out of 368 active symbols at the stock exchange, at least 125 managed to advance, 221 declined while the worth of the shares of 21 cos remained unchanged. DGKC yet again tested and witnessed the pressure as the stock hit the lower cap. OGDC tried to keep its value intact and maintain the same price level. All the stocks lost substantial ground during the day but recovered later. Cement giant DGKC was crowned as the volume leader of the day with the trading of 16.170 million shares on Monday, followed by OGDC with 9.577m shares, Lucky Cement 8.610m shares, PTCL 6.855m shares, ANL 6.063m shares, AHSL 5.908m shares, NML 5.128m shares, Southern Electric 4.560 million shares, JSCL 4.274 million shares, NBP 3.756m shares namely. Top gainers at the stock market include Nestle Pak, up by Rs39.43/share to close at Rs1,099.43, Bata Pak added Rs33.08/share, closing at Rs735 with the trading of only 1 share, Pak Services gained Rs8.11/share and its value was improved to Rs170.51, Sanofi-Aventis added Rs7.33/share and closed at Rs154.03, Colgate Palm up by Rs7.28/share and closed at Rs344.38. On the other hand, Treet Corporation lost Rs9.58/share and closed at Rs590 with a small turnover of only 250 shares, ARL down by Rs7.62/share and its total value was decreased to Rs144.78, Packages Limited down by Rs6.03/share to close at Rs162.20, Pak Oilfields lost Rs4.80/share, closing at Rs171.99, Adamjee Insurance down by Rs4.67/share and closed at Rs95.35.