Stocks lose 37 points on lack of triggers.

KARACHI -- Stocks traded range-bound on Friday in the absence of triggers. The KSE-100 index fell flat at the close of trading with a slight slip of 37 points (0.1 per cent) at 33,267.

Investor participation was low due the weekend ahead, shortened trading hours because of the Friday factor and as they thought it worthwhile to wait till the upcoming MSCI review before taking fresh positions.

Consolidating at the current levels, the index moved narrowly between the intraday high and low by 197 and 145 points. The market gave little thought to the international oil prices as they waited for the ease in lockdown from May 9 - the decision taken by the National Coordination Committee in consultation with the provinces.

While there was scarcely a flattening of the curve in pandemic cases, economics seemed to have forced the authorities to take the risk of longer hour relaxation in the lockdown.

A rare coordination between the government and the opposition was likely to be seen as the National Assembly meets on Monday to deliberate on the impact of COVID-19 on the country's economy.

Foreigners sold off equity worth $2.03 million...