KARACHI - Stocks closed bullish amid thin trade led by blue chip oil, banking and cement stocks ahead of major earnings announcements this week.

Upward trend were seen at local equity market where benchmark KSE-100 share index gained 146.96 points or 1.05 percent to finish the day at 14,083.44 points as compared the 13,936.48 points of the last working day on Friday.  Strong earning announcement and payout by PSO, renewed Institutional interest on strong earnings outlook played a catalyst role in bullish sentiments despite fall in global stocks, commodities and concerns for delay in implementation of revised CGT regime, said Ahsan Mehanti in his analysis.

KSE-Allsahre index added 101.80 points to conclude the session at 9,899.15 points, KSE-30 share index increased 143.36 points to close the day at 12,366.41 points while the KMI-30 share index augmented 263.42 points to end the trading at 24,382.23 levels.

Equity dealer Samar Iqbal said finally market managed to close above the key resistance level of 14,000 points. Once again cement stocks stole the show with DGKC closing at its upper limit after news of decline in coal prices. Bank Alfalah also witnessed active participation by market players after it announced excellent earnings of the March quarter.

Stock market traded 213,340 million shares after opening at 244,205 million shares. Buying and selling took place in 384 stocks where gainers managed strong lead over the loser 193 to 123 while the values of 68 stocks remain intact.

Fauji Cement was the top traded company of the day with 23,436 million shares up Re 0.27 to close at Rs 7.04. Bank Al-Falah XD was on the second position with 18,037 million shares as it close at Rs 17.49 after opening at Rs 16.83. It was followed by JS Co, DGK Cement, BoP, Lafarge Pakistan, National Bank XD, Engro Foods Ltd, Askari Bank XB and Pak ReinsuranceXD with turn over of 13,991 million, 13,670 million 11, 870 million, 11,544 million, 10,123 million, 7.696 million, 6,860 million and 5,664 million shares respectively.

UniLever Pak Ltd and UniLever Food XD were the highest price gainers of the day increased by Rs 139.99 and Rs 95.91 while the top loser were led by Rafhan MaizeXD and Fazal Textile decreased by Rs 88.87 and Rs 11.04 respectively.