OUR STAFF REPORTER KARACHI The Karachi stock market came under intense selling pressure on Monday amid investors concerns about gas supply to the fertilizer sector and other industries. The Karachi Stock Exchanges 100-share index fell by 195.34 points or 1.58 per cent and closed at 12,165.9 points on market turnover of 51.08 million shares. The Karachi Stock Exchange 30-share index shed 240.07 points or 2.04 per cent to end at 11,528.91 points. The Karachi Stock Exchange market capitalization amounted to Rs3, 214.34 billion or $37.43 billion while trading value stood at Rs2.70 billion or $31.49 million. The KSE future volume was recorded at 0.93 million shares while future value was at Rs109.41 million, showing a spread rate of 5.99 per cent. Fall in global capital and commodity markets on European debt crises affected the sentiment despite state-run institutional support in selected blue chip scrips, said Ahsan Mehanti, Director at Arif Habib Investments. Probable dividend announcement by state owned Pakistan Petroleum on June 21 and expected improvement in OMC margins invited some investor support, he added. Negativity led by Engro, on the news flows from corporate circuits, both on financial and fundamental (infra-structural) issues, led the negativity followed by sell-off in high priced stocks, said Hasnain Asghar Ali, a senior analyst at Azziz Fida Hussein & Co. The benchmark witnessed triple digit loss by mid-day, with Engro hitting lower lock early during the session, according to the analyst. Although, various frontline stocks still offering consistent payouts and standing strong on the growth track despite all odds, did invite equity funds, with options limited, the impact stayed restricted to the mentioned stocks, thereby disallowing a wider impact, he opined.