Pakistan, Jan. 16 -- Selling pressure persisted at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index closing with a loss of over 1,100 points on Thursday.

The index opened on a strong note, touching an intra-day high of 183,717.53 during early trading. However, the momentum remained short-lived as persistent selling was observed throughout the day, pushing the index steadily lower. A brief recovery attempt was visible in the early afternoon; however, it failed to sustain, and the index drifted lower again, hitting an intra-day low of 180,783.62.

At close, the market settled at 181,456.33, registering a decrease of 1,113.48 points or 0.61%.

Pakistan government and SC Financial Technologies LLC, an affiliate of World Li...