KARACHI (Reuters) - The stocks ended higher on Friday, led by foreign buying but dealers said the market is likely to stay range-bound in the short-term awaiting clarity on the implementation of reformed general sales tax. The Karachi Stock Exchanges benchmark 100-share index ended 0.56 percent, or 63 .11 points, higher at 11,406.66, its highest close since July 2008. Turnover was 202.07m shares, compared to 134.8 million shares traded on Thursday. Bullish sentiment continued to prevail in the market primarily due to foreign buying, said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd. The sentiment in the coming weeks however will be dependent on the RGST bill which will effect the IMF tranche. Pakistans slow implementation of key reforms may again delay the possible release of the sixth tranche of an $11 billion International Monetary Fund loan, said a source this week who is involved with talks on the programme. An IMF mission came to Pakistan last month to review the countrys performance and was due to present the countrys case to its board in mid-December. Pakistan was hoping to secure the sixth tranche then. The source said it would be unlikely Pakistans case would be presented in mid December. APP adds: Lotte Pakistan remained the volume leader on the second consecutive day with a turnover of 32.852 million shares followed by Nishat Mills 16.385 million shares, D G Khan Cement 14.338 million shares, Bank Al-Falah 11.316 million shares and NBP 10.745 million shares. D G Khan Cement closed at 31.05, Lotte Pak 12.83, Nishat Mills 62.38, NBP 68.49, Jahangir Siddiqui Co 13.18, Bank Al-Falah 10.02 and UBL 61.96. Rafhan Maize recorded the highest increase of Rs 92.67 to 1972 followed by Wyeth Pak which moved up by 47.79 to 1006.25 while Colgate Palm dipped by 41.96 to 852 and Siemens Pak went down by Rs 1300 to 266.