KARACHI - Stocks rally continued on second consecutive day at the stock market where KSE 100-share index gained 175.21 points or 0.75 percent to close the day at 23613.20 points as compared to 23437.99 points of the previous day.

Equity dealer at Topline Samar Iqbal said the rally was mainly supported by index heavy-weights MCB and OGDC. Renewed buying interest was also seen in PPL and Engro Corp, while some profit-taking was witnessed in cement stocks.

KSE allshare-index went up by 151.20 points or 0.90 percent to close the day at 16897.97 points, KSE 30-share index grew by 118.91 points or 0.65 percent to end the day at 18346.63 points while KMI 30-share index added 58.15 points or 0.14 percent to end the day at 40864.32 points.

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The day turn of market in terms of shares was 299.059 million shares compared to 249.524 million shares of the previous session and the value of traded shares amplified to Rs 11.296 billion from Rs 9.923 billion. The capitalization of the market maintained at Rs 5.810 trillion after opening at Rs 5.759 trillion.

Activity was widespread with 388 stocks coming up for trading on Tuesday. Gainers at 216 were far ahead of the losers at 150. Wyeth Pak Limited was again the biggest price gainer of the day, up by Rs 116.77 to Rs 2452.25, followed by Nestle Pak, up by Rs 110 to Rs 6360. Fazal Textile and Sanofi-Aventis were the top losers of the day, decreased by Rs 19 to Rs 391 and Rs 18.99 to Rs 625.

Yet again active list was topped by BOP with 31.544 million shares as it closed at Rs 14.49 after opening at Rs 14.62. It was followed by Fauji Cement with 19.426 million shares, shed Re 0.21 to Rs 15.74, JS Company with 16.202 million shares, up by Re 0.60 to Rs 12.89, Sui South Gas with 11.682 million shares, increased by Re 0.37 to Rs 26.47 and JS Bank Limited with 10.717 million shares, up by Re 0.90 to Rs 5.03.