KARACHI - Stocks closed bullish on Thursday ahead of quarter-end earning announcements on strong earnings outlook.
At local equity market, the benchmark KSE 100-share index gained 91.48 points or 0.58 percent to stop the day’s trading at 15,845.30 points as compared to 15753.82 points of the previous day.  KSE allshare-index gained 62.66 points or 0.56 percent to end the day at 11173.67 points, KSE 30-share index added 15.58 points or 0.12 percent to close the day at 13063.80 points while KMI 30-share index shed 30.66 points or 0.11 percent to conclude the session at 27910.52 points.
“Renewed foreign interest, recovery in global stocks and commodities and easing political concerns after Supreme Court approved draft letter in NRO implementation case played a catalyst role in bullish sentiments at KSE despite concerns over security situation in the city,” an analyst observed. He said institutional interest in selected blue chip leveraged stocks affected the sentiments at KSE.
Market traded 106.902 million shares after opening at 132.835 million shares and the value of traded shares minimized to Rs 3.706 billion from Rs 4.866 billion. Stock capitalization settled at Rs 3.985 trillion as compared to Rs 3.963 trillion of a day earlier.
During the session, 351 companies participated in the trading where 173 closed in positive and 157 in negative while the values of the 21 stocks did not change.
UniLever Pak was the biggest loser of the day, decreased by Rs 445 to Rs 9750, followed by National FoodsSPOT, down by Rs 7.52 to Rs 272.74. Nestle Pakistan witnessed the highest increased in share value as it gained Rs 260 to Rs 5460, followed by Colgate Palmolive, up by Rs 64.50 to Rs 1354.50.
The list of top five volume leaders was topped by P.T.C.L.A with 15.960 million shares as it closed at Rs 19.98 after opening at Rs 19.80. Engro Foods Limited was on the second position with 5.101 million shares, up by Rs 1.42 to stop at Rs 71.39. It was followed by Askari Bank with 4.706 million shares, higher by Re 0.19 to Rs 15.86, Summit Bank with 4.264 million shares, increased by Re 0.22 to stop at Rs 3.20, and National Bank Pak with 3.875 million shares, grew by Re 0.16 to lock the day at Rs 44.91.