KARACHI - Stocks closed bullish amid thin trade led by selected stocks across the board on strong valuations.

The KSE benchmark 100-index posted a fresh gain of 140.47 points or 0.47 percent to end the trading at 30238.96 points compared to 30098.49 points of the last working day on Friday.

KSE-Allshare index grew by 61.57 points or 0.28 percent to top the session at 22240.34 points, KSE-30 index extended by 96.96 points or 0.49 percent to conclude the day at 20074.26 points while KMI-30 index increased by 331.82 points or 0.69 percent to stop the trading at 48577.92 points.

Analysts said record earning results and payout by lucky cement and developments in SOEs privatisation plans played a catalyst role in bullish activity.

Easing political concerns and speculation in fertilizer and selected cement sector stocks amid expectations for record earnings for the quarter impacted the sentiments, he added.

The turnover of Karachi Stock Exchange, in term of shares was 145.751 million shares compared to 191.706 million shares and the value of traded shares declined to Rs 9.602 billion from Rs 9.974 billion. The capitalisation of the market maintained at Rs 7.027 trillion after opening at 6.994 trillion.

Trading took place in 396 companies where losers beat the gainers 208 to 164 while the value of 24 stocks remained intact. Highest increased reflected in the price of Rafhan Maize up by Rs 449.99 to Rs 11449.99 followed by Colgate Palmolive grew by Rs 76 to Rs 1596.10. Indus Dyeing and Atlas Battery were the top price losers of the day decreased by Rs 39 to Rs 745 and Rs 28.34 to Rs 725.77.

Active list was topped by K-Electric with 9.635 million shares grew by Re 0.04 to Rs 7.97. Lalpir was the second highest on volume chart with 7.594 million shares off by Rs 1.71 to Rs 22.08. It was followed by Dera Ghazi Khan Cement XD with 5.797 million, Engro Fertilizer Ltd with 5.782 million, Fauji Cement with 4.404 million, Askari Bank with 4.069 million, PSO XD with 4.060 million, Pak Elektron with 3.675 million, Pak Elektron (R) with 3.663 million and Bank of Punjab with 3.662 million shares.