Global Stock Exchanges.

Byline: S. Kamal Hayder Kazmi

In a turnaround, the stock market rose 178 points in range-bound trading on Friday as rising international crude oil prices kept investor interest alive. A detailed verdict in former president Pervez Musharraf's treason case, however, prevented the market from making hefty gains. Trading in the first session began on a bullish note, however, selling pressure emerged shortly afterwards and the index traded within a narrow range. It ended the session with a loss of 127 points.

The oscillation in the index continued in the second session as well but a buying spree in the final hour supported the recovery in the index. At close, the benchmark KSE 100-share Index recorded an increase of 177.62 points, or 0.44percent, to settle at 40,832.99. Traded value stood low at $55 million, down...