KARACHI The Karachi stock market suffered heavy losses on Monday due to panic selling on concerns about relations between Pakistan and the United States after a cross-border attack by NATO The Karachi Stock Exchanges (KSE) benchmark 100-share index shed 153.99 points and closed at 11,494.15 points. The KES 30-index declined by 186.66 points or 1.71 per cent to close at 10745.34 points. The day turnover improved to 46.l24 million shares from 28.17 million shares traded on Friday. The overall market capitalization decreased by Rs39 billion to Rs 2,993 billion. Out of 313 shares traded, 158 declined and 86 closed unchanged. Fauji Fertlizer Binqasim was the day volume leader with 4.75 million shares and closed at Rs55.07 with a loss of Rs1.48. It was followed by Lotte Pakistan PTA with 2.77 billion shares and closed at Rs9.81 with a loss of 25 paisas. UniLever Pakistan and Sanofi-Aventis were the highest gainers and increased by Rs53.02 and Rs 7.26 to close at Rs5493.22 and Rs152.61 respectively. APP adds from Lahore: Bearish trend prevailed in the Lahore Stock Exchange on the opening day (Monday) of this week, as it shed 67.24 points and closed at 2931.36 points. The markets overall situation, however, corresponded to an upward trend as it remained at 1.345 million shares to close against the previous turnover of 1.126 million shares, showing a upward move of 218,788 shares. While, out of the total 95 active scrips only 3 moved up, 66 remained equal and 26 shed values. Summit Bank Limited, D.G.Khan Cement Company and Dewan Salman Fibre Limited were major gainers of the day by recording increase in their per share value by Re 0.03, Re. 0.03 and Re 0.01 respectively. Pakistan Oil Fields Limited, Pakistan Petroleum Limited and Fauji Fertilizer Company lost their per share value by Rs 7, Rs 5.05 and Rs 4.58 respectively. The volume leaders of the day included The Bank of Punjab Limited with 383,093 shares, Fauji Fertilizer Bin Qasim with 281,581 shares and Fatima Fertilizer Company with 138,396 shares.