KARACHI: Pakistan Stock Exchange (PSX) witnessed another negative session, as KSE-100 lost 440 points to close just above 78,000.

Trading at KSE-100 remained range-bound throughout session as index swayed in both directions. At close, benchmark index settled at 78,029.51, down by 439.82 points or 0.56 percent. "Range-bound session was observed today as investors preferred to remain on sidelines before monetary policy meeting on Monday, June 29," brokerage house Topline Securities said in its post-market report. Major positive contribution to index came from BAHL, BAFL, UBL, HUBC and PAKT as they cumulatively contributed 216 points. On other hand HBL, OGDC, MEBL, PSO and SYS lost value to weigh down on index by -258 points, it added. Volume on all-share index decreased to 278.38 million from 327.28 million session ago. Value of shares declined to Rs 11.62 billion from Rs 15.28 billion in previous session.

K-Electric Ltd was volume leader with 15.22 million shares, followed by Sui North Gas with 14.83 million shares and WorldCall Telecom with 14.22 million shares. Shares of 429 companies were traded on Friday, of which 114 registered an increase, 255 recorded fall while 60 remained unchanged.