KARACHI - Stocks turned bullish at KSE led by oil, banking and fertilizer scrips near the year close after reports that US might take action against Nato attackers.

KSE 100-index gained 0.73 percent or 83.08 points to close at 11435.67 level, KSE- Allsahre Index gained 0.72 percent or 56.93 points to end at 7912.96, KSE-30 index grew 0.29 percent or 29.96 points to finish at 10318.16 while the KMI 30-index ended down 0.01 percent or 2.09 points to end the day at 20388.36 level. Trading took place in 318 companies during the course of the day, prices of 133 issues advanced, 87 declined while the value of 98 scrips stayed unchanged. NIB Bank Limited was the top traded company of the day with 8.704 million shares traded followed by the World Call Telecom, Fauji Fertilizer Bin Qasim, Dawood Hercules and Bank of Punjab with turn over off 4.470 million, 3.320 million, 2.994 million and 2.759 million shares respectively.

Nestle PakistanXD was the top price gainer of the day with an increment by Rs163.56 to close at Rs3437.88 while on the other hand Al-Abbas Sugur led the major decliner of the day with a decrement by Rs3.36 to finish the day at Rs87.51.

Through higher weight age stocks bulls manipulating the market, keeping index in green zone indicating lack of interest from market participants. Trader to stay aside until market decides the trend. It’s better to trade secure rather than to trade on a blind card, said syed Farhan Rizvi Technical Analyst Equity Sales in his comments.

Trade remained thin in the year end rally. Stocks managed to close near the session highs after global commodities rise, said Ahsan Mehanti Dricetor Arif Habib Investments. 

Easing political concerns and expectation for early resolution of CGT issues at KSE played a catalyst role in bullish sentiments despite concerns for hike in gas tariff and energy shortages in the country affecting industrial output, he further added.