KARACHI: Pakistan equities extended gains and closed last working day of the week before long Eid holidays bullish with benchmark KSE100 index surging by 857.85 points or 1.9% to close at 46332.31 level. Market kicked off on a positive note and increased steadily during the day as notable index names across major sectors inched upwards on healthy institutional buying where Habib Bank, Lucky Cements, Engro Corp, Fauji Fertilizers and Dawood Herculues landed themselves among the top five movers. Moreover, K-Electric closed higher and dominated volumes chart after churning most volumes since early February. Another highlight was Amreli Steels hit upper price limit after National Tariff Commission confirmed 24% anti dumping duty on import of Chinese steel billets, analysts at Elixir Securities said. Shares of 383 companies were traded out of which 159 gained, whereas 106 declined and 18 remained unchanged. K electric with 68 million shares traded topped the list of volume leaders followed by TRG Pakistan 15 million, Bank of Punjab 14 million, Engro Polymer 13 million, and Aisha Steel Mill 8.9 million. Analysts are of the view that next week market will be guided by multiple factors including direction of FI flows and global crude performance while politics will remain a drag with investors closely following developments on Panama case investigation against Premier’s family. Pakistan market will remain closed from Friday June 23rd to Wednesday June 28th. Published in Daily Times, June 23rd, 2017.