Pakistan, Jan. 27 -- Pakistan's benchmark stock index, the KSE-100, faced pressure during intraday trading on Tuesday, closing at 188,001.04 points at 12:00pm PKT, down 586.62 points or 0.31 percent from Monday's close of 188,587.66 points.

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The index reached an intraday high of 189,521.32 points in early trading before slipping to a low of 187,918.79 points. Trading volumes remained moderate, with 141.88 million shares exchanged at a market value of Rs18.73 billion.

Market analysts attributed the subdued performance to the State Bank of Pakistan's (SBP) surprise announcement to maintain the key policy rate at 10.5 percent, rather than reducing it.

Industry leaders and trad...