KARACHI: Pakistan stocks closed marginally bullish after trading volatile in a wide range of near 700 points as stocks witnessed wild swings on domestic concerns. Benchmark KSE 100 index closed up by 80 points or 0.16 percent at 49,062 level. Stocks closed higher led by selected blue chip autos, oil, and cement scrips on strong earnings outlook. Security unrest in Lahore and concerns over regulatory oversight invited mid-session pressure. Record earnings announcements in selected cement, banking, and auto stocks supported the index for a positive close, observed Ahsan Mehanti, senior equity analyst. The day started on a negative note as the wider market lost ground in the morning on a general lack of interest and dearth of serious buyers on screen that led to benchmark KSE100 Index nosediving by as much as 1 percent within the first thirty minutes of trading. It followed a shaky recovery that continued until mid-day on the back of gains in select Index names including Engro Corp. However, participation remained relatively dull as investors tread cautiously tracking institutional flows and developments on the hearing over the Panama case against Pakistan’s First Family. While the Court reserved judgment, the market continued to remain volatile with news of an unfortunate incident of blast in Lahore, said analysts at Elixir Securities. Hascol Petroleum informed the PSX that they have applied for a marketing and distribution license of Liquefied Petroleum Gas (LPG) with OGRA. In this regard, Hascol has acquired 5 acres of land at Port Qasim and has also applied an additional 10 acres to develop a LPG terminal. SiddiqSons Tin Plate announced 2Q EPS of Rs 0.67 against a loss of Rs 0.08 during SPLY. Overall, volumes decreased by 30 percent to 266 million shares, while value declined by 21.2 percent to Rs13 billion / $123 million. “Expect participation to remain thin due to ongoing futures rollover week. However, institutional flows both local and foreign are expected to guide market next week, shared an analyst at Elixir Securities.