Supported by foreign buying the stock market Wednesday witnessed addition of 249.63 points and closed at 32000 points level.

Banking stocks rallied due to institutional buying. UBL rose 2.9pc and MCB gained 3.4pc. FFBL renewed interest due to anticipation of better payout in December result.  Stocks closed bullish ahead of year end close for the third session amid institutional interest in banking, fertilizer and energy sector stocks on strong earnings outlook. Trade remained high on positive sentiments after PM convened All Parties Conference to deal with terrorism, renewed foreign interest and receipt of $1.05b from IMF stabilising exchange rate, commented a market analyst.

The All-Share Index gains 162.58 points and concluded end of day at 23273.26 points, KSE-30 Index increased by 187.86 points and settled at 20830.07 points while KMI-30 Index rose by 136.14 points and reached at 50878.13 points level. ­Higher and low were 32019.45 and 31750.38 correspondingly.

K-Electric Ltd again remained in forefront with volume 33,456,500 shares and per share price 9.38 (0.18). Bank of Punjab with 23,192,500 shares with per share price 10.84 (0.47), TRG Pak Ltd with 10,407,000 shares and per share price 15.03 (-0.16) and NIB Bank Limited with volume 9,776,500 shares and price per share 2.39 (0.15)

Volumes rose by 8pc to 262m shares, while value declined by 5pc to $109m (value PKR10.9b). Volume traded in the market was 315,365,203 and on term of exchange value it was 14,411,028,571.

Trading companies in the market were 385 of them 167 showed advance trend, 187 declined while 31 remained unchanged. Unilever Food with per share price 8880.00 (385.00) and Rafhan Maize with per share price 10317.58 were the advancers.  Whereas Fazal Textile with price per share 665.33 (-31.68) and Bata (Pak) with price per share 3520.00 were the decliners.