Pakistan, April 27 -- The Pakistan Stock Exchange (PSX) closed lower on Monday as investors stayed cautious ahead of the State Bank of Pakistan's monetary policy decision. The benchmark KSE-100 Index dropped 718 points amid weak sentiment and limited fresh buying interest. Market activity reflected uncertainty over the future interest rate direction.

The KSE-100 Index traded in a narrow range throughout the session, showing a clear wait-and-see approach by investors. It touched an intra-day high of 171,306 points and a low of 169,268 points. Trading volumes remained moderate as participants avoided risk-taking ahead of policy clarity.

Read more: Asian markets rise as PSX trades lower

Market analysts said uncertainty over inflation tren...