Global Stock Exchanges.

Byline: S. Kamal Hayder Kazmi

The KSE-100 index reversed its trend and shed 279 points on Friday in range-bound trading. Analysts had previously termed the outgoing week as a rollover week when investors would offload stocks bought earlier at attractive valuations. In addition to this, absence of positive triggers to guide market's direction also weighed on investor sentiment and spread pessimism for the rest of the day.

At close, the benchmark KSE 100-share Index recorded a decrease of 279.26 points, or 0.68percent, to settle at 40,848.53. Traded value stood at $61 million, up 19percent and volume came in at 267 million...

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