KARACHI-With healthy volumes, market kept consolidating above 29,000 points mark in a ranged-bound session.
KSE benchmark marginally up by 1.64 points or 0.01 percent to close the day at 29095.77 points compared to 29094.13 points of the previous day.
Dealers said after Government’s commitment for uninterrupted gas supply to EFERT, it continued rallying to gain another 5pc.  Oil stocks witnessed some profit-taking as OGDC declined by 1.6pc, POL fell by 2pc and PPL lost 0.5pc at closing.  Banking sector gained momentum as investors continued to believe that due to economic recovery banks will be the major beneficiary. UBL, HBL and ABL closed at 5pc upper limit.  KSE-Allshare index added 35.10 points or 0.16 percent to close the day at 21801.08 points, KSE-30 share index off by 48.07 points or 0.24 percent to end  the day at 20310.83 points and KMI-30 index reduced by 251.27 points or 0.53 percent to conclude the session at 46795.04 points.
Market traded 386.665 million shares after opening at 295.573 million shares and the value of traded shares was climbed to Rs 15.809 billion from Rs 11.503 billion while the capitalisation of the market maintained at Rs 7.009 trillion compared to Rs 6.999 trillion of a day earlier. Out of 362 companies, 184 closed in negative and 152 in positive while the value of 26 stocks remained intact. Rafhan Maize XD was the biggest price gainer of the day up by Rs 486.50 to Rs 10430 followed by Bata (Pak) SPOT grew by Rs 144.90 to Rs 3399.90. Sanofi-Aventis SPOT and Philip Morris Pak were the top price losers of the day decreased by Rs 56.46 to Rs 1072.80 and Rs 28.51 to Rs 705.33.  Equity expert said speculations ahead of quarter end earning announcements impacted the sentiments. S&P and Moody’s rating agencies indication for improved ratings on performance following FM briefing in US played a catalyst role in positive sentiments despite renewed concerns for rising circular debt in energy sector.  LPCL led the volume with 31.073 million shares closed Re 0.27 up to Rs 13.95. Followed by PACE with 30.572 million shares up by Re 0.09 to Rs 5.19, JSBL with 25.463 million shares  rose by Re 0.5 to Rs 61.0, JS Co with 24.963 million shares off by Re s0.30 to Rs 13.04 and Maple Leaf cement with 19.527 million shares up by Re 0.99 to Rs 30.13.