Karachi  - Pakistan's stocks shaved off another one per cent on Monday amid continued political uncertainty and weak economic outlook, analysts said.

The key KSE-100 index of Pakistan main Karachi bourse was down by 283 points to close at 14,673.13 points against 14,956.82 on Friday.

"Not so positive economic picture and political uncertainty are the two causes of this selling," said Saad bin Ahmed, head of research at Capital One Equities.

The Karachi Stock Exchange has lost around seven per cent during the last 30 days because of foreign selling, declining rupee against all major currencies, weak economy and political uncertainty surrounding the restoration of judges deposed by military turned civilian president Pervez Musharraf last year.

There are fears that the contentious judges' issue might lead to the collapse of the governing coalition spearheaded by the country's two major political parties - Pakistan People's Party (PPP) and Pakistan Muslim League-Nawaz. (dpa)