KARACHI - Stocks closed higher at KSE amid institutional and foreign interest in blue chip banks and fertilizer stocks.

The Karachi stock market benchmark KSE-100 share index gain 27.76 points or 0.20 percent to end the day at 13,691.08 level after opening at 13,663.32 points. Equity dealer Samar Iqbal said market moved in both directions as investors remained confused on actual date of approval of capital gain tax proposal.

National Bank of Pakistan in anticipation of good March result closed at upper limit of 5pc. Engro Corp share also increased after news report that gas to its plant will soon restore, she added.

KSE-Allshare index added 19.06 points to end the day at 9,603.58 points, KSE-30 share index up 29.99 points to finish the session at 12,056.00 points while the KMI-30 share index got 9.69 points to conclude the trading at 23,442.85 points.

Analyst observed that index traded in narrow range. Reports for rising cement prices in north, expectations for stronger earning announcements in banks, OMCs this quarter played a catalyst role in bullish sentiments at KSE.

Local bourse traded 318,143 million shares after opening at 315,368 million shares. Trading took place in 366 companies where 167 lose in positive and 129 in negative while the values of 70 stocks remain intact.

Active list was topped by JS&Co with 56,777 million shares as it closed at Rs 21.71 after opening at Rs 20.69 followed by Azgard Nine, DGK Cement, JS Bank Limited and National BankXDXB with turn over of 26.802 million, 22.334 million, 16,360 million and 12,656 million shares respectively.

Wyeth Pak LtdXD and Rafhan MaizeXD were the highest price gainers of the day up by Rs 27.71 and 19.83 while the top loser were led by Colgate Palmolive and Nestle PakXD down by Rs 39.68 and Rs 22.18 respectively.