OUR STAFF REPORTER KARACHI - The Karachi stock market gained 52.72 points on Monday due to renewed buying interest of the corporate and retail investors in blue chip scrips. The Karachi Stock Exchanges 100-share index managed to close at 11,932.68 level, up 52.72 points or 0.44 per cent. The trading volume of the local equity market increased to 78.65m shares on Monday. The KSE market capitalisation amounted to Rs3,170.48 billion or $37.22b while trading value was recorded at Rs2.82b or $33.12 million respectively. The KSE-30 index ended higher at 11,609.34 points with a considerable gain of 76.83 points or 0.67 per cent. The KSE future volume recorded at 3.41 million shares and it value was at Rs382.48 million shares with a spread rate of 2.18 per cent. The investor sentiments remained bullish ahead of meetings of the government officials with international donors like World Bank, IMF and ADB this week, expressing hope that the remaining disbursement of next IMF tranche would be released soon, said a market analyst. Stable political climate, strong valuations in banking, fertilizer and oil sector scrips boosted investor confidence despite fall in global commodity prices and uncertainty in global capital markets, he added. According to another analyst, relatively calm political environment, normalcy returning in ties with US and proposal by FBR of status-quo or decline in tax rate for corporate sector, certainly invited renewed buying interest by both corporate and retail participants in dividend yielding main board stocks, along with growth stocks. However, support by resident participants and local financial groups trading from both local and off-shore accounts kept the gains intact, for most part of the session, until sell-off mainly in the expensive stocks checked the gains, while speculative and volumetric activity in ANL and JSCL, besides providing various trading opportunities to the market men, made substantial contribution to the over all turnover. Absence of follow-up support due to issues linked to economic and financial matters did restrict an overall bull run, mainly due to blurry economic and financial matters ahead of federal budget that is around the corner, even the recently released export figures depicting substantial increase due to rise in international cotton prices in given period, failed to inspire renewed buying mainly due to various hurdles hindering the manufacturing sector including energy crisis, along with the threat of inventory loss, due to fast declining cotton prices, world wide, he opined.