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Banking scrips help index gain 74 points
KARACHI: The stock market staged another range-bound session on Monday with the KSE-100 index gaining 74.21 points (0.51 per cent) to close at 49,630.04 points.
Volume fell 17 per cent to 281 million shares from 338m traded last Friday, while the trading value also declined to Rs13.1 billion, from Rs18.7bn. Despite a lacklustre session, 38 stocks closed on their upper circuits in contrast to 26 scrips closing on lower limits.
Dealers at Topline Securities stated that the market witnessed positive sentiments during the day to touch intraday high of 49,739 points, up 186 points.
However, profit taking in later part of the day saw index drift to intra-day low at 49,534 points, down 23 points.