Pakistan, Jan. 20 -- Pakistan Stock Exchange (PSX)witnessed a range bound session on Tuesday, as benchmark KSE-100 gained 176.65 points to close at 45,903.23 index level.

Theindex continued to hover below 46,000 level as investors injected some fresh momentum primarily in Exploration & Production sector on the account of the news reports suggesting that Power Division has forwarded its proposal to Economic Coordination Committee (ECC) for allowing Mari Petroleumto remove the cap for dividend distribution after which the stock closed at its upper circuit. Moreover, investors also reacted to the news reports that petroleum has also proposed the ECC on removing cash payout restrictions.

During the session, the benchmark KSE-100 Indexremain...