Pakistan, Jan. 23 -- Pakistan Stock Exchange (PSX) witnessed a range-bound session on the last trading day of the week amid sell-off across the board, as benchmark KSE-100 gained lost 116.42 points by the closing bell to clock at 45,868.04 index level.

The index began the session on a negative note right from the opening bell, as market witnessed profit-taking as well as redemption from Insurance companies and Mutual Funds. The index touched its intra-day low at 45,690 level after losing 293.96 points, however, the index reversed its early losses ahead of the closing bell, after the announcement of policy rate by the State Bank of Pakistan (SBP).

On Friday, The central bank kept the benchmark interest rate unchanged at 7 percent on Frid...