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KARACHI: The Pakistan Stock Exchange (PSX) witnessed a turbulent session today (Friday) as the indices swayed both ways in search of a clear direction until finally closing the session flat.
Losing 302.34 points the KSE 100 index dropped to an intraday low of 40,262.22. It then recovered all losses and touched an intraday high of 40,689.60 (up by 125.04 points). The index ended flat by positive 4.79 points at 40,569.35.
The rising number of coronavirus cases and the possibility of a second lockdown dented investor confidence. Among other indices, the KMI 30 index lost 230.70 points closing at 64,746.92, while the KSE All Share index gained 8.57 points settling at 28,456.78.
Overall market volumes fell from 328.28 million shares in last session to 242.95 million shares. Pakistan Refinery Limited (PRL +4.53%) led the volume chart with 28.27 million shares exchanged.
Sectors adding most points to the KSE 100 index included Technology and Communication sector (6.16 points), Banking sector (5.65 points) and Cement sector (5.56 points).
The Technology and Communication sector gained 1.96%% in its cumulative market capitalization. Systems Limited (SYS 5.52%), NetSol Technologies Limited (NETSOL 4.48%) and TPL Properties Limited (TPLP 1.82%) all closed in green.