OUR STAFF REPORTER KARACHI The Karachi stock market rebounded strongly on Wednesday as investors bought fertiliser and energy shares on the back of record earnings announcements. Bullish activity was witnessed in scrips across the board on strong institutional and foreign interest in the oversold market. The Karachi Stock Exchanges benchmark 100-share index rose by 145.78 points or 1.26 per cent and closed at 11,745.06 points. The index had closed at 11,599.28 on Tuesday. Market volumes picked up sharply to 72.96 million shares. The average volumes for the month are 66 million shares. KSE capitalization amounted to Rs3, 128.5 billion or $37.04 billion respectively. Total ready volume stood at Rs4.03 billion or $47.76 million, according to a daily stock market report. The KSE 30-index ended 162.94 points or 1.44 per cent higher to close at 11,444.95. KSE future volume came at 3.97m shares, valuing Rs555.21 million with a spread rate of 4.0 per cent, the report said. Fuji Fertilizer Bin Qasim Limited, Lotte Pakistan PTA, Oil & Gas Development Company Limited, Bank Al-falah Limited and Nishat Mills Limited were the top volume leaders at KSE on Wednesday. Positive investor sentiment prevailed ahead of major earning announcements this week. Moreover, recovery in global stocks and commodities played a catalyst role in promoting bullish sentiment at KSE, said a market analyst at Arif Habib Investments Limited.