KARACHI - Karachi Stock Exchange closed positively amid thin trade. Investor remained bullish in fertilizer stocks on higher local urea prices.

The KSE 100-index inched up 0.01 percent or 1.03 points to close at 11311.38 levels, KSE All Share Index gained 0.01 percent or 0.43 points to end at 7826.66, KSE 30-index fell 0.16 percent or 16.98 points to finish at 10275.60, while KMI 30-index ended down 0.13 percent or 27.19 points to finish the day at 20389.01evels.

Trading took place in 298 companies during the course of the day prices of 104 issues declined, 86 advanced, while values of 108 scrips stayed unchanged.

Fatima Fertilizer Company was the top traded company of the day with trading of 3.304 million shares in its scrip, followed by the Arif Habib Company SD, Pak Reinsurance, Engro Foods Limited and Jahangir Siddiqui Company with turnovers of 1.559 million, 1.029 million, 1.005 million, and 0.937 million shares respectively.

Nestle Pakistan XD was the top price gainer of the day with an increment by Rs 148.49 to close at Rs3118.40 while on the other hand Rafhan Maize led the major decliners of the day with a decrement by Rs75.83 to finish the day at Rs2464.17.

Institutional support in selected blue chip stocks supported the market for a positive close. Foreign interest remained low after global markets close on account of Christmas holidays, said Ahsan Mehanti Director Arif Habib Securities in his analysis. 

Easing political concerns and expectation for early resolution of CGT issues at Karachi Stock Exchange played a catalyst role in positive close at KSE despite concerns for energy shortages in the country affecting industrial growth, he added.