KARACHI - Karachi equity market closed bullish led by second and third tier stocks. Across the board buying helped index close over 13,400 points level with good volumes.
At Karachi stock market benchmark KSE-100 share index gained 163 points to end the day at 13,449.73 points as compared to the 13,286.73 points of the previous session.
Ahsan Mehanti analyst at stock market said that improvement in Pak-US relations after PM meeting with US President in Seoul for joint efforts on nuclear safety played a catalyst role in bullish activity at KSE amid higher trades.  Concerns for law and order in the city and political noise affected sentiments amid consolidation during the trading session ahead of reformed CGT regime implementation from April 1, he added.
KSE-Allshare index added 121.27 points or 1.30 percent to stop the day at 9,441.22 points, KMI-30 share index enlarged 169.13 points or 1.46 percent to conclude the day at 11,738.04 points while the KMI-30 share index up 223.88 points or 0.99 percent to stop the day of the week at 22,883.93 levels.
Equity dealer observed that besides interest in low priced stocks, activity was seen in mid and big capped stocks also. NBP and DGKC closed at upper limit. Investors looked keen to invest in cement sector due to expectations of good earnings this year.  Market traded 352.783 million shares as compared the 278.010 million shares of the previous day. Gainer held a strong lead over the loser 204 to 113 while the values of 58 stocks not changed.
Active list was topped by WorldCall Telecom with 27.663 million shares as it closed at Rs 3.30 after opening at Rs 3.08 Followed by Azgard Nine, Fauji Cement, NIB Bank Limited and Lafarge Pakistan with turnover of 26.445 million, 24.275 million, 17.260 million and 16.545 million shares respectively.
Biggest gainer of the day was Nestle PakXD rising by Rs 114.58 to close at Rs 4476.41 followed by Indus Dyeing up Rs 18.43 to Rs 411.85.
The heaviest looser of the day was Colgate Palmolive down by Rs 45.13 at 857.48 followed by UniLever Pak LtdXD shedding Rs 19.00 at Rs 5681.00.