KARACHI - Bullish activity sustained at KSE led by stocks across the board following global stocks surge and renewed foreign interest in oil stocks.

At KSE benchmark 100-share index posted a fresh gain of 320.54 points or 1.21 percent to end the day at 26842.53 points compared to 26521.99 points of the last working day.

Analyst Ahsan Mehanti at Arif Habib Corp said US plans for $280m military aid, favourable CPI data for Feb’13, easing tensions for Russia & Ukraine crisis and resumption of peace talks with TTP through proposals for new committee to deal with militancy played a catalyst role in bullish activity at KSE.

KSE-Allshare index grew by 217.07 points or 1.10 percent to close the day at 19908.07 points, KSE-30 up by 242.47 points or 1.26 percent to close the day at 19534.69 points while KMI-30 index added 396.89 points or 0.89 percent to end the day at 44967.32 points.  AVP equity sales at Toplline, Samar iqbal said rising interest in the IPO market coupled with strengthening Pak rupee further boosted investors’ interest. In consecutive 4 days rally benchmark index gained over 1,000 points to close above 26,800 points mark.

Market traded 263.073 million shares on Thursday after opening at 263.506 million shares and the value of traded shares reduced to Rs 11.984 billion from Rs 12.393 billion while the capitalisation of the market maintained at Rs 6.471 trillion compared to Rs 6.402 trillion of a day earlier.Out of 388 stocks, 261 closed in positive and 103 in negative while the value of 24 companies not changed. Unilever Foods was the biggest price loser of the day decreased by Rs 250 to Rs 9500 followed by Nestle Pak shed by Rs 140 to Rs 8850. Rafhan Maize and Wyeh Pak Ltd were the top price gainers of the day up by Rs 145 to Rs 7800 and Rs 36.20 to 3781.54. Dealers said oil and cement stocks continued to rally whereas, NBP closed 5pc up after decreasing in last 2 days following depressed result announcement. Maple Leaf led the volume with 25 million shares closed 1.5pc down, followed by LPCL with 19 million shares 1.9pc down and BOP with 11.5 million shares.

Byco Petroleum with 10.676 million, National Bank with 9.756 million, Dera Ghazi Khan Cement with 8.480 million, Bank Al-Falah with 7.920 million, Fatima Fert with 7.878 million, PIAC (A) with 7.370 million and Fauji Cement SPOT with 7.057 million shares were also the part of top ten scrips of the day.