KARACHI  - The stocks closed at all-time high on Thursday, led by stocks across the board on strong valuations. After the fresh addition of 355.31 fresh points, stock market closed at 24800.69 points as compared to 24445.38 points of the previous day.

Strong recovery in global commodities, renewed foreign interest, hopes for stability in rupee-dollar parity and expected government initiatives on privatization of SOEs played a catalyst role in bullish sentiments despite concerns for double digit CPI inflation data for Nov’13, analyst at Arif Habib Ahsan Mehanti observed. KSE allshare-index added 280.93 points or 1.55 per cent to close the day at 18415.31 points, KSE 30-share index gained 230.53 points or 1.25 per cent to conclude the session at 18614.51 points while KMI 30-share index increased by 619.77 points or 1.51 percent to finish the trading at 41624.84 points.

Equity dealer Asad Siddiqui said bull-run was led by institutional buying, thus enabling KSE to close at yet another high of 24,801. Investors’ interest was seen not only in cement, E&P and textile sectors but in some side-board items like SRVI, PKGS, MUREB, BATA and THALL as well.  However, participation remained on the lower side with volumes declining by 21% to Rs9.5b. Volume were led by FCCL with 32.6m shares traded followed by MLCF with 9.5m shares exchanging hands and DCL with trade of 7.5mn shares.  The turnover of stock market reduced to 188.497 million shares as compared to 200.109 million shares of the previous day. Value of traded shares settled at Rs 9.506 billion from Rs 12.012 billion and the capitalization climbed to Rs 6.002 trillion from Rs 5.914 trillion.

In the session, 365 companies participated in the trading where gainers outnumbered the losers by 232 to 110 while the values of 23 stocks remained intact. Nestle Pak and Rafhan MaizeXD were the biggest day price achievers, up by Rs 409.95 to Rs 9106.20 and Rs 300 to Rs 8100. Unilever FoodsXd led the downhill trend, decreased by Rs 570 to Rs 10830, followed by Wyeth Pak Ltd, off by Rs 67.30 to Rs 4633.30. 

Fauji CementXD topped the active list with 32.596 million shares as it closed at Rs 14.02 after opening at Rs 13.54. Maple Leaf Cement was o the second position with 9.498 million shares, up by Re 0.45 to Rs 26.33. It was followed by Dewan Cement with 7.450 million shares, up by Re 0.43 to Rs 6.03, Nishat Mills Limited with 6.573 million shares, grew by Rs 2.42 to Rs 115.92 and Pak Elektron Ltd with 6.324 million shares, extended by Re 0.08 to Rs 18.96.