OUR STAFF REPORTER KARACHI - The Karachi stock market witnessed a bearish trading session with thin volumes on Monday due to unprecedented sell-off in the high priced stocks of the banking, chemical and telecom companies. The Karachi Stock Exchanges (KSE) 100-share index ended at 12,353.36 points level or 0.20 per cent after losing 24.41 points while Karachi Stock Exchanges 30-share index was declined by 92.10 points or 0.77 per cent to close at 11,805.60 points. Market volumes sharply plunged down to 63.07 million shares from 102.5 million shares traded on the last trading day of the week. The KSE market capitalisation amounted to Rs3,265.30 billion or $38.11 billion while total trading value was recorded at Rs1.90 billion or $22.16 million respectively. The Karachi Stock Exchanges future volume stood at Rs2.39 million shares, valuing at Rs300.52 million. A sharp sell-off from both local and offshore channels and declining trend in international equity markets, forced the benchmark in red zone, during early trade, sinking volume added to the nervousness, said Hasnain Asghar Ali, a senior analyst at Aziz Fida Husein & Co. He further said fierce selling in various high priced stocks, facing tough time in operations due to high input cost, and faced with heavy debt, led the decline duly followed by other high priced stocks from various sectors, due to prolonged stagnation and absence of buyers on dips, thus pushing the benchmark in deep red, with various events of low volume price erosion being prominent feature, nervousness soon spilled from front line stocks towards various mid tier stocks. According to the analyst, decline in international cotton rates, gas curtailment, high debt, yet attempting to increase debts for settling the maturities and ballooning circular debt, stayed the major concerns for the stake holders, thus keeping even the listed stocks of local financial groups, under severe pressure, however deceiving nature of Karachi Stock Exchanges 100, disallowed the wider negative to have a reflection in the benchmark, mainly due to low quantum support by Nestle.