KARACHI - Investors remained hopeful ahead of formal notification on CGT issues at KSE.

At local bourse KSE-100 share index added 11.85 points or 0.10 percent to close the day at 12,261.85 points as compared to 12,250.00 points of the previous session.

KSE-Allshare index increased 5.03 points or 0.06 percent to finish the day at 8525.28 points, KSE-30 share index gained 13.90 points or 0.12 percent to finish the day at 11467.02 points while the KMI-30 share index achieved 8.14 points or 0.04 percent to conclude the day at 21954.44 level. Stocks closed higher at KSE amid trading in narrow range ahead of major earning announcements this week as investors remained cautious on uncertain political outlook after Supreme Court bench framed charge against PM Gilani for non-compliance on NRO implementation, said Ahsan Mehanti analyst at Arif Habib Corporation. 

Trading focus remained in second and third tier stocks. Institutional support on strong valuations in banks, fertilizer and oil stocks played a catalyst role in bullish sentiment in the earnings announcement session at KSE, he added.

Market traded 148.203 million shares after opening at 116.090 million shares. Trading took place in 332 companies where 134 close in positive and 127 in negative while the value of 71 stocks remain intact.

Jahangir Siddiqi Company was the top traded company of the day with 26.141 million shares as it closed at Rs 8.52 after opening at Rs 8.47 followed by Azgard Nine, Cherat Cement, SilkBank Limited and Pace Pak Limited with turnover of 12.651 million, 8.013 million, 7.912 million and 7.093 million shares respectively.

UniLever Pak Limited and Bata Pak Limited were the highest price gainer of the day up by Rs 35.73 and Rs 28.72 while the top loser were led by the Nestle PakistanXD and Unilever Pak Foods down by Rs 40.48 and Rs 27.89 respectively.