Karachi - Index recovered last trading session’s fall after cherry picking in select stocks coupled with better than expected September results.
The KSE benchmark 100-share index posted a fresh gain of 90.85 points or 0.30 percent to end the session at 30204.09 points compared to 30113.24 points of the last working day.
Samar Iqbal AVP at Equity Sales at Topline Securities said  PSO and Mari remained in limelight due to investors expectations of favourable outcome from ECC meeting. Auto sector rallied amid hope of favorable changes in tax regime coupled with Government’s announcement of launching of subsidised car financing and depreciating JPY.
KSE-Allshare index up by 62.03 points or 0.28 percent to close the trading at 22158.86 points, KSE-30 index added 13.39 points or 0.07 percent to close at 19996.77 points while KMI-30 index misplaced 21.87 points or 0.05 percent to stop the activity at 48410.31 points.  Analysts said stocks showed recovery amid thin activity ahead of long week end on account of Ashura holidays led by selected scrips across the board on strong valuations. ECC approval expected on Textile Policy 2014-19 and revised gas pricing formula for Mari gas under Petroleum Policy 2001, record earnings in blue chip banking, fertilizer, cement and energy stocks played a catalyst role in bullish sentiments amid concerns for energy shortage, global equities selloff and limited foreign interest.
The day turnover of  KSE was 151.727 million shares after opening at 259.327 million shares and the value of traded shares declined to Rs 9.151 billion from Rs 12.622 billion. The capitalisation of the market maintained at Rs 7.001 trillion compared to Rs 6.982 trillion of the previous session.
Trading took place in 404 companies where gainers beat the losers 206 to 173 while the value of 25 stocks remained intact. Rafhan Maize and Exide (PAK) were the biggest price losers of the day decreased by Rs 299.99 to Rs 10700 and Rs 39.71 to Rs 1380.29. Unilever Foods and Services Ind.Ltd Xd were the top price gainers of the day increased by Rs 125 to Rs 8695 and Rs 46.83 to Rs 983.47.
Active list was topped by Lalpir Power with 28.683 million shares as it closed at Rs 22.28 after opening at Rs 22.10. It was followed by Bank of Punjab with 13.793 million shares shed Re 0.12 to Rs 8.76, Faysal Bank with 3.903 million shares misplaced by Re 0.33 to Rs 17.95, United Bank with 3.823 million shares grew by Rs 3.43 to Rs 193.42 and Hascol Petrol with 3.532 million shares off by Re 0.08 to Rs 74.91.