Karachi  - With strengthening Pak rupee, proposal of increasing Pak weight in MSCI FM 100 index and continuous local institutional support, benchmark KSE 100-index kept on rising to close at new record high, a dealer observed here on Tuesday.

KSE 100-share index increased by 132.76 points or 0.49 per cent to close the day at 27309.02 points as compared to 27176.26 points of a day earlier.

AVP equity sales at Topline Samar Iqbal said value traded at local bourse crossed Rs.14.9b after 6 months. PPL rose by 4 rupees after announcing its interest to acquire assets of Asia Resource Oil Limited in Pakistan. Renewed interest in Engro Corp helped it close 5% high at Rs.196.62. Auto assemblers, refineries and cement stocks remained in the limelight amid strengthening currency.

KSE allshare-index went up by 89.01 points or 0.44 per cent to close the day at 20278.63 points, KSE 30-index added 88.18 points or 0.45 percent to conclude the session at 19874.47 points while KMI 30-index grew by 131.39 points or 0.29 per cent to stop the trading at 45730.45 points.

The day turnover of market in terms of shares was 305.073m after opening at 244.684m shares and the value of traded shares climbed to Rs 14.920 billion from Rs 12.424b. The capitalization of the market maintained at Rs 6.591 trillion compared to Rs 6.562 trillion of a day earlier.  Out of 394 active companies, 207 closed in green while 166 witnessed decline in prices and the value of 21 stocks remained unchanged. Wyeth Pak Limited was the biggest price gainer of the day, increased by Rs 179.17 to Rs 3997.50, followed by Indus Dyieng, up by Rs 32.77 to Rs 1120. Nestle Pak and Island Textile were the top price losers of the day, decreased by Rs 140 to Rs 8810 and Rs 58.01 to Rs 1102.24.  Analyst said stocks sustained rally to close at all time high on strong valuations in oil and fertilizer and banking stocks. Favorable trade deficit data and improved car sales data for July-Feb’14 and strong rupee-dollar parity expected to lure remittances and foreign interest impacted the sentiments. Speculations ahead of SBP policy announcement this month and expectations for positive outcome of government peace talks with TTP played a catalyst role in bullish sentiments at KSE despite uncertainty in global stocks on global growth concerns and Ukraine crises uncertainty, he added.  In the top ten scrips, Byco Petroleum led the volume with 23.535m shares, up by Re 0.30 to Rs 12.05.

Maple Leaf Cement held the second highest position with 18.793m shares as it closed at Rs 29.84 after opening at 30.35. It was followed by Fauji Cement SPOT with 15.400m shares, gained Re 0.16 to Rs 17.16, TRG Pakistan Limited with 14.201m shares, up by Re 0.62 to Rs 18.02 and BOP with 13.530m shares, up by Re 0.33 to Rs 11.24.