KARACHI  - Stocks closed bullish at Karachi Stock Exchange after CPI inflation data stood at 7.93pc YoY during Feb’14.
Mainly driven by oil and cement stocks, benchmark index gained 1.4pc (Rs 12.6 billion in value to 6-week high).
The benchmark index added 355.84 points or 1.38 percent to end the day at 26209.38 points compared to 25853.54 points of the previous day.
KSE-Allshare index up by 203.03 points or 1.05 percent to finish the session at 19480.34 points, KSE-30 share increased by 310.23 points or 1.65 percent to conclude the day at 19101.20 points while KMI-30 grew by 828.34 points or 1.92 percent to stop the trading at 43924.48 points.
Analysts said successful commissioning for commercial production in POL Makori Gas Processing Plant, expectations for revival on Government, TTP peace talks following ceasefire and recovery in global in global stocks played a catalyst role in bullish close at KSE despite concerns for security unrest in the country and prevailing economic uncertainty.
The day turnover in term of shares was 287.169 million compared to 241.037 million shares and the value of traded shares was climbed to Rs 12.620 billion from Rs 8.923 billion. Capitalisation of the bourse settled at Rs 6.343 trillion after opening at Rs 6.277 trillion. 
Trading took place in 373 companies where gainers held a strong lead over the losers 201 to 154 while the value of 18 stocks remained intact. Rafhan Mazie was the highest price gainer of the day up by Rs 295.73 to Rs 7794.73 followed Siemens Pakistan up by Rs 60.11 to Rs 1262.36. Wyeth Pak Ltd and Island Textile were the top price losers of the day decreased by Rs 207.49 to Rs 3942.46 and Rs 54.49 to Rs 1036.11.
Samar Iqbal, Avp Equity Sales at Topline, said rising international crude oil prices and announcement of increased production from Makori field brought renewed interest in E&P stocks especially PPL and POL which gained 3.4pc and 2.4pc, respectively.
Investors also took fresh position in PSO following further clarification after its analyst briefing. Expectations of better cement sales brought cement stocks on investors’ radar as only top 4 stocks (MLCF, LPCL, FCCL, DGKC) contributed 25pc of volume. NBP’s share price kept falling after announcing lower than expected December quarter result yesterday. Increased interest was also seen in Hascol on the first day of its book building as it was subscribed by 3 times, she added.
Active list was topped by Bank of Punjab (R) SPOT with 40.585 million shares as it closed at Re 0.02 after opening at Re 0.06. Maple leaf Cement was on the second position with 26.479 million shares added Rs 1.25 to Rs 31.62. It was followed by Lafarge Pak with 17.982 million shares up by Re 0.21 to Rs 11.38, Adamjee Ins with 15.300 million shares extended by Re 0.76 to Rs 43.14 and Fauji Cement with 12.264 million shares higher by Re 0.26 to Rs 16.76.