KARACHI  - Market rejoiced the smooth and peaceful transition of both the Army Chief and the Chief Justice, closed on its historic high of 24,180 points level after gaining by 1.7pc.

At local equity market benchmark KSE-100 share index posted a fresh gain of 412.14 points or 1.73 percent to stop the day at 24180.49 points compared to 23769.35 points of the previous day.

Equity dealer Samar Iqbal said healthy market participation was also seen with rising volumes of Rs7b. Widespread investors’ interest was seen across the board especially in cement, textile and banking stocks. Furthermore, successful discovery by OGDC kept investors interest in the stock. FCCL remained the volume leader with 18m shares traded followed by BoP with volume of 13m shares and MLCF with 8m shares.

KSE-Allshare index up by 345.69 points or 1.97 percent to end the day at 17879.23 points, KSE-30 share index grew by 315.46 points or 1.77 percent to close the day at 18163.37 points while KMI-30 share index increased by 639.86 points or 1.35 percent to conclude the days trading at 40455.09 points.

Analyst at KSE Ahsan Mehanti observed that $430m ADB loan agreement for BISP, renewed foreign interest in oil and banking sectors and institutional interest in Nishat group stocks played a catalyst role in bullish sentiments. Market traded 153.895 million shares after opening at 98.506 million shares and the value of traded shares climbed to Rs 7.422 billion from Rs 4.388 billion. Capitalisation of the local bourse settled at Rs 5.831 trillion compared to Rs 5.719 trillion of a day earlier.

During the session 374 companies exchange hands where 267 closed in positive and 84 in negative while 23 were unchanged. Again, Unilever FoodsXD and Nestle Pak led the rising trend up by Rs 459.75 to Rs 9654.75 and 437.22 to Rs 9181.62. Highest decreased reflected in Pak Services and Indus Motor CoXD down by Rs 15.40 to Rs 292.60 and Rs 7.24 to Rs 337.77.

Active list was again topped by Fauji CementXD with 18.019 million shares as it closed at Rs 13.46 after opening at Rs 13.25. Bank of Punjab was on the second position with 12.707 million shares shed by Re 0.18 to Rs 10.41.

It was followed by Maple Leaf Cement with 8.139 million shares up by Re 0.30 to Rs 25.11, Nishat (Chunian) XDXB with 7.883 million shares higher by Rs 2.21 to Rs 57.06 and Nishat Mills LimitedXD with 7.566 million shares extended by Rs 4.45 to Rs 110.25.