Karachi - Stocks closed higher in the quarter end earnings announcement session as global equities recover from sharp fall this week.

At local equity market benchmark KSE-100 share index further grew by 84.74 points or 0.28 percent to end the trading at 30025.13 points compared to 29940.39 points of the previous day.

KSE-Allshare index added 74.01 points or 0.33 percent to close the session at 22176.64 points, KSE-30 index up by 23.84 points or 0.12 percent to stop the day at 19886.09 points while KMI-30 index increased by 75.39 points or 0.16 percent to conclude the trading at 47834.13 points.

Equity expert said investors’ interest remained in selected stocks across the board on easing political concerns and favourable government borrowing data Jul-Oct’14. Hopes for major developments in China power projects funding and privatisation plan of SOEs played a catalyst role in bullish activity at KSE.

Market traded 191.242 million shares compared to 172.533 million shares of a day earlier while the value of traded shares was climbed to Rs 8.615 billion after opening at 8.170 billion. The capitalisation of the market maintained at Rs 7.003 trillion after opening at Rs 6.979 trillion.

Trading took place in 410 companies where gainers outnumbered the losers 212 to 176 while the value of 22 stocks remained intact. Nestle Pak and Fazal Textile SPOT were the biggest price gainers of the day up by Rs 275 to Rs 8990 and Rs 41.50 to Rs 890.50. Rafhan Maize and Wyeth Pak Ltd were the top price losers of the day decreased by Rs 304.99 to Rs 11395 and Rs 200 to Rs 4300.

Active list was topped by Pak Elektron (R) with 18.749 million shares grew by Re 0.26 to Rs 7.77. Pak Elektron was the second highest on volume chart with 12.045 million shares up by Re 0.17 to Rs 27.79. Engro Fertilizer Ltd with 6.644 million shares added Re 0.37 to Rs 56.12, Maple Leaf Cement with 5.709 million shares grew by Re 0.12 to Rs 29.32 and Faysal Bank with 5.307 million shares higher by Re 0.12 to Rs 18.92.