KARACHI - The Karachi stock market edged higher Monday on strong foreign interest in banking, oil and fertilizer scrips on record earnings outlook. The KSE 100-share index closed 0.3 percent, or 33.41 points, higher at 11,440.07. The KSE 30-index closed at 11061.17 with a gain of 67.55 points. However, the KMI 30-index closed at 18107.21 with a loss of 35.27 points. All shares index closed at 7955.66 with a gain of 19.69 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 17.05 million as compared to last trading sessions 20.20 million. Future market volume however stood at 3.63 million shares as compared to 6.25 million shares of last trading session. Market capitalization stood over Rs. 3.119trillion. 175 companies advanced, 196 declined and 25 remained unchanged. Highest volumes were witnessed in Dewan Salman at 2.62 million, closed at Rs. 2.77 with a gain of Re. 0.54, followed by Lotte Pakistan PTA at 1.29 million, closed at Rs. 12.78 with a loss of Re. 0.05, and Nishat Power Ltd at 1.13m, closed at Rs. 16.30 with a gain of Rs. 0.53 Ahsan Mehanti said, Rise in international oil prices over $89, bullish activity in global capital markets and strong institutional interest ahead of meeting by Privatization Commission on Pakistan Capital Market forum at London Stock Exchange this week played a catalyst role in positive activity. He said rising commodity prices mainly oil, continues to pose threat to the fragile economy, the trend will certainly benefit certain local stocks, the likely impact therefore did invite cautious accumulation mainly on technical signals, low quantum activity in main board stocks however kept the trading horizon restrict to cents. He said absence of trading volume that is usually poured in by the financial groups however forced lack-luster to stay prominent through out the session while low priced stocks and investment securities companies kept the turnover ticking. He added that various swaps within sectors and stocks under taken by the corporate participants besides keeping the shade of brown (mix of red and green) alive, did provide direction to otherwise a stray market, low volatility however kept the participation limited. He further added that the only hope, early introduction of leverage product, for giving the current run-up backed by rising turnover generated in main board stocks sustainability, needs to be materialized soon, before the run-up start losing steam, caution stays the call with reaction on technical calls.