Karachi - Stocks closed higher led by oversold oil stocks ahead of quarter end earnings announcement due next week.
The KSE 100-index further continued uphill trend on last day of trading week and further added 73.36 points or 0.24 percent to finish the session at 30098.49 points compared to 30025.13 points of the last working day on Thursday.
KSE-Allshare index marginally up by 2.13 points or 0.01 percent to conclude the trading at 22178.77 points, KSE-30 index increased by 91.21 points or 0.46 percent to end the session at 19977.30 points while KMI-30 index grew by 411.97 points or 0.86 percent to finish the session at 48246.10 points.
Ahsan Mehanti analyst at Arif Habib Corp said trade remained high on reports for start of OGDCL book building on 10pc share sale early next month and recovery in international oil prices easing concerns for high inventory losses to OMCs.
Speculation continued in fertilizer and cement sector stocks amid expectations for record earnings for the quarter, he added.
Market traded 191.706 million shares after opening at 191.242 million shares and the value of traded shares was climbed to Rs 9.974 billion from Rs 8.615 billion. The capitalisation of the market maintained at Rs 6.994 trillion compared to Rs 7.003 trillion of the previous session. 
Trading took place in 388 companies where 168 closed in positive and 198 in negative while the value of 22 stocks remained intact. Rafhan maize and Nestle Pak were the biggest price losers of the day decreased by Rs 395 to Rs  11000 and Rs 240 to Rs 8750. Wyeth Pak Ltd and Exide (PAK) were the top price gainers of the ay up by Rs 100.01 to Rs 4400.01 and Rs 66.51 to Rs 1456.51.
Active list was topped by K-Electric Ltd with 23.211 million shares as it closed at Rs 7.85 after opening at Rs 7.80. Fauji Cement was the second highest on volume chart with 10.654 million shares up by Re 0.55 to Rs 22.10. It was followed by Lalpir Power with 7.581 million shares misplaced Rs 1.03 to Rs 21.59, Pak Elektron (R) with 4.894 million shares off by Re 0.91 to Rs 6.98 and PTCL with 4.739 million shares decreased by Re 0.38 to Rs 21.01.