Karachi - Positive sentiments prevailed at the stock market on the last trading day before the Ashura public holidays. The 100-share index gained 203.49 points (0.49%) to close at 41,403.97 points.

Investors’ interest was seen in the textile sector on the back of the news that federal government is expected to announce an incentives package for exporters. This package among other incentives will consist of rebate on exports and removal of regulatory duty on industrial inputs used in production. NML (up 3.86%) and NCL (4.39%) were top performers of the aforementioned sector. SNGPL (up 4.56%) gained as OGRA approved increase in gas tariff, where the summary has been forwarded to Ministry of Petroleum and Natural Resources, stated analyst Nabeel Haroon. Volumes decreased by 21.4% to 363m shares, while value decreased by 16% to Rs12.0b/$115m.

BOP was volume leader with 33m shares traded, where the banking company gained to close on its upper circuit.  PSO, SHEL, HASCOL and HTL gained between 1%-5% on the back of better sales on YoY basis. SNGPL once again remained in limelight as OGRA suggested gas prices increase.

 Stock gained 4.26%. Interest was also seen in other small banks such BAHL, AKBL and FABL which gained 4.3%, 5% and 4.9%, brokers said.