Pakistan, Oct. 12 -- Pakistan's stock market closed lower on Monday, with the benchmark KSE-100 index losing 1,964 points. The decline brought the index down to 165,124 points at the close of trading. The market's negative performance also caused investors to suffer losses worth billions of rupees.

Selling pressure emerged early in the first trading session of the business week. The KSE-100 index initially fell by around 900 points, dropping below 166,100 points. The downward trend continued as trading progressed throughout the day.

By the market's close, the benchmark index had shed 1,964 points. It finished the session at 165,124 points, reflecting continued weakness in share prices. The latest decline followed a mixed performance dur...