Pakistan, July 11 -- Trading at the Pakistan Stock Exchange (PSX) remained range-bound on Friday, with the indices oscillating in both directions before settling in the green.
It may be noted that the PSX has been hovering in the positive territory since June 26th, following the surprise State Bank policy rate cut by 100 basis points. In the last 11 sessions, the domestic equity bourse has risen by 7.3pc (+2,471 points). For the outgoing week, the benchmark KSE-100 Index registered a gain of 3.25pc.
"Profit booking was observed in banking, pharma, exploration & production, oil & gas marketing and fertiliser stocks, whereas cement and steel sectors furthered their positive momentum on Friday," said a report issued by AHL Research. ...