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KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Friday, with the benchmark index swaying both ways in search of a clear direction before finally settling in the green.
The benchmark KSE-100 Index moved in a narrow range, posting its intraday high at 46,378.35 after gaining 235.61 points. It settled higher by 84.91 points at 46,378.35.
Among other indices, the KMI-30 Index lost 69.88 points to close at 76,623.00, whereas the KSE All Share Index added 91.36 points, ending at 31,851.18.
The overall market volumes improved from 577.84 million shares in the previous session to 694.80 million shares (+20 percent). Average traded value also increased by 7 percent, from $145.8 million to $156 million.
Sectors that kept the benchmark index afloat included technology & communication (+113.41 points), automobile assembling (+38.44 pts) and refinery (+12.31 points).
Adding (4.07 percent) to its cumulative market cap, the refinery sector ended as the session’s top performer, with Byco Petroleum Pakistan Ltd (BYCO +9.57 percent) and National Refinery Ltd (NRL +2.02 percent) posting decent gains.
Equity markets around the world continued to display a mixed performance, whereas crude oil prices headed south from the previous close; WTI crude price declining 2.38pc to $59.08 while Brent crude oil price falling 1.83pc to $62.75 (as at 4:57pm PST).