KARACHI - Stocks closed bullish amid institutional interest in blue chip stocks ahead of major earning announcements amid hopes for cut in SBP policy stance due to be announced on August 10. At Karachi stock market benchmark KSE-100 share index posted a fresh gain of 71.90 points or 0.49 percent to stop the day’s trading at 14,744.14 points as compared to 14,672.24 points of the last working day. Experts said recovery in global stocks, strong earnings outlook played a catalyst role in bullish activity despite concerns for circular debt in Pakistan energy sector and power outrages for industrial sectorKSE-Allshare index added 50.11 points or 0.49 percent to conclude the trading session at 10,373.16 points, KSE-30 share index up by 66.85 points or 0.53 percent to close the day at 12,692.31 points while KMI-30 share index higher by 158.95 points or 0.62 percent to settled at 25,643.28 points. Further delay in court hearing coupled with rally in fertilizer and exploration companies helped index to settle above 14,700 points level. KESC with its surprising profits of June FY2012 remained the volume leader with 18m share changed hand with share prices rising by 85 paisa, dealer at KSE observed.Bourse turn over in terms of share rose to 85.199 million shares after opening at 44.962 million shares and the value of traded share was climbed to Rs 2.699 billion from Rs 2.005 billion. Share market capitalisation settled at Rs3.763 trillion as compared to Rs 3.747 trillion of a day earlier. Trading took place in 291 companies where gainers held a strong lead over the losers 183 to 81 while the values of 27 stocks remained intact. UniLever Pak and Rafhan MaizeXD were the top price gainers of the day increased by Rs 148 to Rs 8548.00 and Rs 100 to Rs 3800.00. Biggest losers were led by Unilever Food and Millat Tractors down by Rs 65 to Rs 2825.00 and Rs 10.84 to Rs 540.79. KESC was the volume leader of the day with 18.311 million shares gained Re 0.81 to close at Rs 4.49. Dera Ghazi Khan Cement was on the second position with 6.165 million shares added Re 0.94 to Rs 47.26. It was followed by Maple Leaf Cement with 5.168 million shares increased by Re 0.42 to end at Rs 7.28, Lafarge Pakistan with 4.389 million shares higher by Re 0.09 to lock at Rs 4.74 and Hub Power Company with 3.959 million shares shed by Re 0.47 to close at Rs 45.43.