KARACHI, Jan. 27 -- Pakistan's stock market retreated on Monday after a volatile session, with investors opting to book profits ahead of the State Bank of Pakistan (SBP) monetary policy decision following a strong rally last week.

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The benchmark KSE-100 index opened on a positive note and briefly crossed the 191,000 level in early trade amid optimism over a potential interest rate cut. However, aggressive selling in the latter half of the session erased gains, dragging the index into negative territory. The index closed at 188,587 points, down 579 points, or 0.31 per cent.

According to Topline Securities Ltd, the market experienced sharp swings throughout the session. T...