KARACHI - Stocks crossed 15,000 mark amid strong valuations in the earning announcement session at KSE. Renewed foreign interest in oil sector played a catalyst role in bullish sentiments despite concerns for outcome of Kamra Airbase Operation, analyst said here on Thursday. 

At local equity market benchmark KSE-100 share index gained 29.15 points or 0.,19 percent to close the day at 15,000.08 as compared to 14,970.93 points of the previous day.

Equity dealer Mohammad Rizwan said today being the last trading session before the long holidays coupled with below than expectation results of two heavy-weights Engro and NBP, investors opted to book profit.

However, buying interest toward the end in OGDC helped the index close above the psychological level of 15,000 points, a level not seen after 62-months. Major activity continue to center around mid cap cement scrip and KESC, he added. KSE-Allshare index increased by 21.90 points or 0.21 percent to end the day at 10,550.83 points, KSE-30 share index shed by 7.11 points or 0.06 percent to conclude the day’s trading at 12,877.92 points while KMI-30 share index extended by 68.17 points or 0.26 percent to settled at 26,452.02 points.

Analyst at Arif Habib Corp Ahsan Mehanti said strong earnings announcement by Allied Bank affected the sentiments despite uncertain global stocks and commodities. Profit taking continued in overbought stocks on concerns for political backlash on judicial decisions.

The turnover of share market was minimised to 96.743 million shares after opening at 173.780 million shares and the value of traded share was shrunk to Rs 2.538 billion from Rs 4.675 billion. The capitalisation of stock market was settled at Rs 3.827 trillion as compared to Rs 3.820 trillion of a day earlier.

Trading took place in 274 companies where gainers held a strong lead over the losers 136 to 119 while the values of 19 stocks remained intact. UniLever PakSPOT was the highest price gainer of the day up by Rs 200.05 to Rs 8,850.05 followed by Rafhan MaizeXD increased by Rs 180.00 to Rs 3980.00. Indus Dyeing and Abbott Laboratories were the top losers of the day down by Rs 21.68 to Rs 411.99 and Rs 5.82 to Rs 191.27.

Lafarge Pakistan was the volume leader of the day with 22.562 million shares as it closed at Rs 5.27 after opening at Rs 5.01 added Re 0.26. Fauji Cement was on the second position with 10.004 million shares shed by Re 0.09 to end at Rs 6.50. It was followed by KESC with 6.305 million shares misplaced by Re 0.27 to close at Rs 5.73, National Bank Pakistan with 4.657 million shares decreased by Re 0.49 to conclude at Rs 44.05 and Nishat Mills Limited 3.773 million shares lost Re 0.31 to lock the day at Rs 55.97.

Expert said relative calmness on the political front, signs of further improvement in Pak-US relationship coupled with above expectation cut in the discount rate created positive vibes amongst the investors. Overall, index gained 238 points during the week to close at 63-months high-level of 15,000 points while average traded volume improved by a significant 104pc to Rs4.6 billion. Major activity was witness in cement stock while KESC also remained in the lime light.