Bearish trend returned to Pakistan' s Karachi Stock Exchange (KSE) on Wednesday with its main index losing over 200 points as global stock markets tumbled amid worsening euro zone debt crisis.

The benchmark KSE 100-Index plunged by 1.63 percent or 232.60 points to close at 14,081.07 levels on Wednesday as against closing of 14,313.67 levels on Tuesday.

The KSE All Share Index gave away the psychological 10,000 levels with decline of 1.59 percent or 159.81 points before closing at 9,881.86 levels, the KSE 30-Index plunged by 1.8 percent or 224.54 points to end at 12,276.66 levels, and the KMI 30-Index slumped by 1.67 percent or 414.11 points to finish the trade at 24,350.80 levels on Wednesday.

Regional stock markets followed the suit of global equity markets as euro zone political and debt crisis pushed Greece towards the election and analysts fearing even tougher times ahead.

The top Pakistani bourse started the day amid slight bullish trade where the main index hit the intraday highest level of 14, 334.98.

However, investors then changed their course, following the international trading trends, and decided to take an exit by selling their holdings which made the main index to keep losing sheen all day long where towards the closing bells it hit the lowest level of the day of 14,062.95 before closing just a touch higher.

Market analysts are of the view that the global selloff once again derailed bulls at the Karachi Stock Exchange where local investors followed the suit of the international stock markets trends and opted for selling activities.

They further stated that the market looks poised to give away the psychological 14,000 levels in coming days as the euro zone political crisis is looking to add more fuel to fire with euro hitting a fresh four-month low.

Ahsan Rasheed, Director Research & Marketing, AMJ Growth, informed Xinhua News Agency, "World shares fell and the euro touched a fresh 4-month low today as investors fled riskier assets on fears of a Greek exit from the euro zone is more likely after talk to form a new government collapsed, forcing another round of elections."

He further stated that the stock markets are portraying murky picture of the global economic health and if things don't improve in the euro zone then it will have implications on the top global economies.

Market volumes dropped by 6.8 million shares to 146.0006 million shares on Wednesday as against trading of 152.800 million shares recorded on Tuesday as investors failed to find trigger in the market.

Market capitalization declined by 58.326 billion rupees (648. 071 million U.S. dollars) to 3.597 trillion rupees (39.96 billion U.S. dollars) on Wednesday when compared with market capitalization worth 3.655 trillion rupees (40.61 billion U.S. dollars) reported the other day.

As per the figures released by the National Clearing Company of Pakistan Limited (NCCPL) for Wednesday, the foreign investors came up with net selling worth 150.737 million rupees (1.674 million U. S. dollars) amid a global selloff.

In broader market, a total of 371 companies changed hands during the course of the day where prices of 237 issues declined, 76 advanced, whereas values of 58 other scrips stayed unchanged at previous day's levels.

Dera Ghazi Khan Cement was the top traded company of the day with trading of 15.98 million shares in its scrip, followed by Engro Foods Limited, Pakistan Telecommunication Company Limited, Jahangir Siddiqui Company Limited, and BankIslami Pakistan with turnovers of 14.795 million shares, 14.665 million shares, 9.115 million shares, and 5.954 million shares respectively.

Unilever FoodXD was the top price gainer of the day with an increment of 74.45 rupees (82.72 U.S. cents) in its per share price that closed at 3,245.45 rupees (36.06 U.S. dollars) on Wednesday while on the other hand UniLever PakXD led the top price decliners with a decrement of 84.23 rupees (93.58 U.S. cents) to finish the day at 7,052 rupees (78.35 U.S. dollars).