KARACHI:

The Pakistan Stock Exchange (PSX) ended Friday's session on a weak note, with the KSE-100 index slipping over 260 points to close just below 145,400 as investors booked profits after a brief rally.

The market opened on a positive note, climbing to intra-day high of 146,813 points on selective blue-chip buying, but momentum faded amid concerns over a swelling trade deficit, declining foreign exchange reserves and macroeconomic headwinds, prompting a late-session sell-off ahead of the weekend.

Engro Holdings, Fauji Fertiliser Company (FFC), Oil and Gas Development Company (OGDC) and MCB Bank were among the top positive contributors, whereas Engro Fertilisers, Lucky Cement, Systems Limited, Mari Petroleum and Hubco dragged the index down.

"Stocks closed under pressure amid profit

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