KARACHI - Stocks closed higher on Tuesday amid institutional interest in oversold market. Investors took positions in stocks across the board as Pakistan and the US signed Nato supply agreement amid hopes for release of $1.12b payment from US against services to coalition forces. At local equity market, the bench KSE 100-share index posted fresh gain of 65.46 points or 0.45 percent to stop the day’s trading at 14,577.00 points as compared to 14511.54 points of the previous session. Expert said strong earnings outlook, expected rise in local POL prices and renewed foreign interest in blue chip stocks played a catalyst role in bullish sentiments at KSE despite concerns for macroeconomic conditions and uncertain global markets. KSE Allshare-index added 46.71 points or 0.46 percent to close the day at 10264.58 points, KSE 30-share index gained 39.79 points or 0.32 percent to close the day at 12607.26 points while KMI 30-share index gained 109.01 points or 0.44 percent to finish the day at 25121.52 points. Dealer said with low volumes market improved by 65 points amid hope of CSF funds release after signing of MoU between Pak and US on NATO supply. Arif Habib Corporation remained the volume leader after its June result announcement.Bourse volume minimized to 77.797 million shares after opening at 81.835 million shares and the value of traded share shrunk to Rs 3.075 billion from Rs 3.152 billion. Market capitalization settled at Rs 3.724 trillion as compared to Rs 3.707 trillion of a day earlier. Trading took place in 284 companies where gainers held a strong lead over the losers by 158 to 100 while the values of 26 stocks remained intact. Unilever Food and Colgate Palmolive were the highest price gainers of the day, increased by Rs 141.25 to Rs 2966.25 and Rs 56.76 to Rs 1192.06. Abbot Laboratories and J.D.W Sugar were the biggest losers of the day, decreased by Rs 4.22 to Rs 165.95 and Rs 4.05 to Rs 102.00. Arif Habib Corp was the volume leader of the day with 9.741 million shares, shed Re 0.70 to close at Rs 33.00. It was followed by Bank Al-Falah with 6.221 million shares, off Re 0.08 to end at Rs 18.81, Dera Ghazi Khan Cement with 5.731 million shares, down Re 0.11 to end at Rs 46.21, National Bank Pakistan with 5.403 million shares, gained Re 0.91 to Rs 46.61 and Fauji Cement with 4.928 million shares, up by Re 0.21 to stop at Rs 6.15.