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LONDON -- U.K. stocks ended the week in much the same way as they started -- soggy.

The

FTSE 100

ended 86.0 points lower, or 1.4%, at 6,193, ending a wretched week with a wretched session.

Even the technology-rich

Techmark

index could only manage a rise of 0.24% to 4,847. Of course, there is nothing mysterious about this. The tech sector has experienced an inevitable bout of profit-taking -- better known as "let's grab the cash and run" -- after soaring throughout the week.

ARM Holdings

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slid 197 pence, or 4.0%, to 45.05 pounds,

CMG

retreated 163p, or 2.7%, to 66.03 pounds, and

Logica

lost 141p, or 5.1%, to 23.90 pounds.

Profit-taking was not just confined to the highfliers. Media stocks and financial issues succumbed to pre-weekend profit-taking.

Pearson

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fell 119p, or 3.2%, to 22.69 pounds, while

BSkyB

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ended at 17.2 pounds, down 119p, or 6.5%.

In the banks,

Barclays

(BCS) - Get Barclays PLC Report

shed 26p, or 1.7%, to 14.71 pounds, and

Lloyds TSB

dipped 60p, or 8.8%, to 626 after its annual results. By way of contrast,

NatWest

(NW)

rose 26p, or 2.3%, to 11.73 pounds, with the bid battle fought and won by

Royal Bank of Scotland

, which ended 4p, or 0.5%, cheaper at 871. The jilted

Bank of Scotland

fell 63p, or 9.3%, to 614.

The Continent's stock markets closed out the week with a mixed performance, as a lower open on Wall Street knocked the wind out of some indices' sails. After climbing further into record territory early on, the

Xetra Dax

in Frankfurt abruptly changed tack and closed down 97.72, or 1.27%, at 7611.55. However, the

CAC 40

in Paris was able to finish 79.49 higher, or 1.3%, at 6287.01.

One Frankfurt stock able to fight the sudden downturn was

Commerzbank

(CRZBY)

, which continued to benefit from speculation of an imminent takeover by

ABN Amro

(ABN)

. Commerzbank's shares ended 1.45 euros higher, or 4.1%, at 36.80 after surging almost 10% Thursday and ABN Amro finished down 0.13 euros, or 0.6%, at 20.65 in Amsterdam.

Owing to the Dax's reversal, few tech and telecom investors were able to head into the weekend with a warm fuzzy feeling.

Epcos

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closed down 6 euros, or 3.5%, at 164.50 and

Mannesmann

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finished down 7 euros, or 2.2%, at 315.

Epcos' parent company

Siemens

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was a little more fortunate than its subsidiary and ended down 1.50 euros, or 0.9%, to 171.50. Dax heavyweight

Deutsche Telekom

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also closed lower, ending Friday down 2.90 euros, or 3.2%, at 89.10.

Despite the volatility, in Paris there was a little more happiness to go around at the end of the day, as

France Telecom

(FTE)

closed up 5.90 euros, or 3.5%, at 172.90.