KARACHI - The Karachi Stock Exchange shed 128 points on technical selling in energy, banking and fertilizer stocks. Analyst said that uncertainty on political front and fall in global stocks markets and commodities prices invited technical selling at KSE. KSE 100-share index declined by 127.79 points or 1.07 per cent to 11767.00. KSE 30-index decreased by 147.09 points or 1.31pc to 11045.87. Ahsan Mehanti director Arif Habib Investment told that bearish activity was witnessed across the board with record low activity at KSE. Fall in global stocks and commodities on prevailing Europe and US debt crisis played a catalyst role in steep fall in the index. Investor remained cautious ahead of SBP policy announcement next week despite hopes for ease in circular debt concerns in the country. Analyst Samar Iqbal equity dealer in Topline Securities added that uncertainty on political front due to ongoing memo issue kept local market under pressure. KSE-100 closed at 10-trading session low of 11.782. FFBL remained in the limelight as investors booked profit in the stock amid news of gas curtailment forcing the plant closure by mid December. Trading turnover fell to 28.36 million shares from 31.09 million shares traded yesterday. The overall market capitalisation fell by Rs32 billion to Rs3061 billion. Fauji Fertilizer Bin Qasim was the volume leader with 2.39 million shares that closed at Rs58.04 with a loss of Rs1.58. It was followed by Bank Al-Falah with 2.36 million shares closed at Rs11.90 with a loss of 14 paisa. Reuters adds: In the currency market, the rupee ended at 87.35/40 to the dollar, weaker than Mondays close of 87.30/35 amid higher dollar demand from importers, and dealers said the local unit is likely to stay under pressure because of import payments. Dealers said the rupee was under pressure despite rising remittances from overseas Pakistani. However, dealers cautioned that a widening current account deficit, which stood at a provisional $1.555 billion in July-Oct period, compared with $541 million in the same period last year, could keep the local currency under pressure in the days ahead. The rupee hit a record low at 87.92 to the dollar in September.