KARACHI

Led by fertilizer and cement scrips, Pakistan Stock Exchange closed higher on Monday. The benchmark KSE 100-share index closed up 75.43 points or 0.24% at 31,369.51 points level.

Weak sentiments prevailed in market which led to index to close up by only 75 points, market brokers said. LUCK, MLCF and FCCL closed up by 4%, 1.26%, and 0.28% respectively.

Traded volume increased 4% to 130 million shares and traded value decreased 10% to Rs6.2 billion.

Fertilizer sector gained due to gain in international prices. ENGRO, EFERT & FFC closed up by 2.21%, 4.1% and 1.34% respectively.

Consolidated earnings of Re0.15/share were announced by HUMNL for the half year ending Dec-15 which was in line with expectations; HUMNL closed 8.17% down.

Strong results led institutional interest despite turmoil in global equities, crude prices and dismal data on fertilizer sales and exports, stated analyst Ahsan Mehanti. Falling bond yields and easing political uncertainty played a catalyst role in positive close.

Total 327 active companies participated in the session, of which 183 settled in decline, 124 in advance while 20 remained unchanged.

Major activity witnessed in the stocks of Pace (Pak), Power Cement and JahSiddCo with traded volumes of 15m shares, 11m and 8m shares respectively.