KARACHI -  Bearish sentiments prevailed at Pakistan Stock Exchange on Monday as the 100-share index lost 181.59 points (0.44%).

Index opened on a positive note but came under selling pressure during the latter hours as rising political tensions started to suppress the bulls. The index ultimately lost 181 points to close at 41,282.72 points level, dealers said.

ATLH (3.24%) gained on the back of the news that motorcycle assembler is planning to increase its product line with an investment of around $150m. However, E&P sector lost value to close in the red zone, as crude prices declined post release of US oil rigs and global production data. BOP was volume leader with 49m shares traded which, after initially touching an intraday high of Rs16.98, lost -5.71% to close below its opening levels, stated analyst Nabeel Haroon.

Traded volume stood at 378m shares, while volume was at Rs12.8b/$13m. BOP emerged as volume leader with 49m shares, followed by TPL Trakker with20m and TRG Pak with 17m shares.

Brokers expect the market to remain volatile in absence of catalysts and brewing political tensions.