KARACHI - Stocks closed higher amid cautious activity in earnings announcement session at KSE. Investors awaited Supreme Court reaction on NRO judgment implementation next week, market experts observed here on Monday.At local equity market benchmark KSE-100 share index posted fresh gain of 52.29 points or 0.36 percent to settle at 14,384.58 points as compared to 14,332.29 points of the last working day on Friday.Analysts said institutional support witnessed in blue chip stocks in oil, banking and cement sector on improvement in Pak-US relations, PPL licence to explore in Iraq and speculations ahead of release of US Coalition Support Fund of $1.5b despite concerns for Moody’s bond downgrade.KSE-Allshare index added 34.11 points or 0.34 percent to stop the day at 10,116.99 points, KSE-30 share index higher by 42.93 points or 0.35 percent to end the session at 12,445.24 points while KMI-30 share index increased by 92.45 points or 0.37 percent to close the day at 24,772.25 points. Dealers said led by cement stocks partial recovery was seen at Karachi stock exchange. Though the volumes remained low investors are keenly waiting for the June results which are likely in coming few weeks.Market traded 73.852 million shares after opening at 111.919 million shares and the value of traded shares was minimised to Rs 2.922 billion as compared to Rs 4.425 billion of the last working session. The capitalisation of stock market stayed at Rs 3.671 trillion as compared to 3.654 trillion of a previous session. Business took place in 145 companies where gainers out numbered the losers 145 to 113 while the values of 99 stocks remained intact. Rafhan Maize Product and Unilever Food were the highest price gainers of the day higher by Rs 147.27 to Rs 3475.00 and Rs 57.40 to Rs 2867.22. The top losers were led by Colgate Palmolive and Siemens Pakistan off by Rs 44.95 to Rs 1195.00 and Rs 21.57 to Rs 645.00 respectively. Dera Ghazi Khan cement was the volume leader of the day with 17.916 million shares added Rs 1.15 to end at Rs 44.64. NIB Bank Limited was on the second position with 6.688 million shares gained Re 0.06 to lock at Rs 2.38. It was followed by Engro Foods Limited with 5.127 million shares up by Rs 3.32 to stop at Rs 69.82, Cherat Cement with 4.214 million shares off by Rs 1.54 to close at Rs 33.09 and JS.Co with 2.950 million shares higher by Re 0.13 to seal at Rs 14.03.