KARACHI - Pakistan Stock Exchange, which increased by 1370 points in the last 3 days, witnessed a volatile session on Friday, as index closed up by 32.22 points (0.09%) to close at 35,973.69 points.

Range bound activity was observed in the market as the index traded between an intra-day high of 262 points and intra-day low of 109 points to finally close on a flattish note (up 0.09%), dealers said.

SNGPL (0.38%) gained to close in the green zone on the back of material information disseminated in the market that the gas utility company has entered into loan agreement amounting to Rs54.76b with a consortium of banks led by Habib Bank Limited. BWCL (1.16%) continued its upward trajectory for the second consecutive day, as the company posted better than expected earnings. OGDC (-1.40%), POL (-1.57%) and PPL (-1.51) in the E&P sector lost value to close in the red zone as the crude oil prices declined to trade below $44/bbl level, observed analyst Arhum Ghous.

Some profit taking was seen in HBL (down 1.06) and PSO (declined 1.08%) after rallying on possible inclusion in the MSCI EM index in case of reclassification.

Volume increased by 14.4% to 286m shares while value decreased by 9% to Rs 14.3b/137$m.

Profit taking was observed in oil and cement stocks. PPL and OGDC declined by 1.7% and 1.3% respectively, where as DGKC and MLCF declined between 1.2%-1.4%. Interest was seen in FFC which led the stock to gain by 3.4%, brokers said.

A searing bull run continued for the second consecutive week at the bourse, shrugging off concerns over political landscape and helping KSE-100 index closing the week up 3.6% WoW, stated weekly report of JS Global. KSE-100 index edged up to a nine-month high of 36,000pts during the week as rumors surrounding re-entry of Pakistan into MSCI Emerging Market from Frontier Market gathered pace.