Easing political noise, SECP approval on reinstating  trading facility of a major broker, favourable CPI Inflation data in Nov ‘14, renewed institutional interest on cement, textile and fertilizer scrips expected to benefit from easing SBP policy rates and falling global commodities prices played a catalyst role in bullish activity at KSE, equity expert observed here on Wednesday.

Samar Iqbal AVP Equity Sales at Topline Securities said market seen 8-month high volume with rising share prices. Investors feel relaxed after political temp is cooling down with chances of resumption of talks between Government and PTI.

Positive sentiments further supported the bull-run at local bourse and benchmark 100-share index posted a fresh gain of 192.01 points or 0.61 percent to end the day at 31872.73 points compared to 31680.72 points of a day earlier.

KSE-Allshare index grew by 128.51 points or 0.51 percent to finish the session at 23068.90 points, KSE-30 index added 134.08 points or 0.66 percent to finish the day at 20770.20 points while KMI-30 index scaled up with 355.27 points or 0.70 percent to conclude the trading at 51010.08 points.

Out of 408 companies 224 closed in positive and 161 in negative while the value of 23 stocks remained intact.

 Highest decreased reflected in the price of Rafhan Maize down by Rs 207.50 to Rs 10250 followed by Colgate Palmolive off by Rs 80 to Rs 1700. Exide (PAK) and Shezan Inter.XDXB were the top price gainers of the day increased by Rs 62.62 to Rs 2050 and Rs 50.21 to Rs 1054.41. Market traded 422.744 million shares after opening at 337.817 million shares and the value of traded shares was climbed to Rs 19.148 billion from Rs 15.607 billion. The capitalisation of the market maintained at Rs 7.265 trillion compared to Rs 7.224 trillion of the previous day.

K-Electric Ltd again topped the active list with 47.734 million shares higher by Re 0.28 to Rs 8.68. PIAC (A) hold the second position with 23.738 million shares off by Re 0.28 to Rs 7.81. It was followed by Summit Bank with 23.458 million shares fell by Re 0.13 to Rs 4.15, Maple Leaf Cement with 16.394 million shares gained Re 0.84 to Rs 38.94 and Dewan Cement with 14.665 million shares up by Re 0.19 to Rs 8.17.