Stocks lose 102 points in choppy trade.

KARACHI -- The stock market on Friday remained choppy where the KSE-100 index moved between the intra-day high and low of 188 points (positive) and 114 points (negative).

The index settled at 45,931 points to represent loss for the day at 58.35 points or 0.13 per cent.

The second session in the red after Friday's fall was thought to suggest consolidation of the market at the current levels after an untiring bull run for months on end.

The market mood was also thought to have clouded on several negatives including the dip in international oil prices; reports suggesting that the government was weighing options of increase in power tariff in phased manner to revive the stalled International Monetary Fund programme.

Moreover, the spectre of the Financial Action Task Force (FATF) related discussion resurfaced with PakisAtan's position to come under scrutiny over the compliance with 27-agenda action plan by February 2021. Since that would coincide with the quarterly results reporting season, investors were concerned that the FATF would overshadow the positive impact of the better-than-expected corporate profitability results.

On Friday, investors booked profit in cement, banks and oil and gas marketing companies sectors. Cement sector also succumbed to selling pressure where...

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