KARACHI - Index crossed the physiological level of 18,000 due to continuous buying by foreign fund managers in the last few days. Volume remained healthy as 370m shares were traded mostly focused towards telecommunication shares.At local equity market benchmark KSE-100 share index posted a fresh gain of 153.25 points or 0.86 percent to end the day at 18,074.27 points as compared to 17,921.02 points of the previous day. Ahsan Mehanti Analyst at Arif Habib Corp said KSE 100 closed all time high led by selected blue chip stocks across the board on strong earnings outlook.Strong textile sector exports data, record earning announcements, current account surplus for July-Jan 2013, expected hike in KESC power tariff easing circular debt concerns in energy sector and hopes for OGDC gas sales agreement with fertilizer companies affected the sentiments. Telecoms sector lead the rally on Supreme Court ruling against high court orders on International Clearing House deal raising higher earnings outlook on LDI revenues.KSE-Allshare index added 77.71 points or 0.62 percent to close the session at 12,683.77 points, KSE-30 share index grew by 144.81 points or 0.99 percent to finish the day’s trading at 14,814.06 points while KMI-30 share index higher by 103.12 points or 0.33 percent to stop the day at 31,228.10 points. The day turnover of stock market in term of shares was 369.041 million shares compared to 349.532 million shares of the previous day. Value of traded shares settled at Rs 9.407 billion after opening at Rs 8.604 billion while the capitalisation of equity market climbed to Rs 4.491 trillion from Rs 4.464 trillion. MCB, Engro and PTC closed at their upper limit due to positive news flows while some correction was witnessed in oil stocks due to falling international oil prices, equity dealers observed. During the session 365 companies participated in the trading where gainers held a strong lead over the losers 208 to 141 while the value of 16 stocks not changed. Unilever Food was the top loser of the day down by Rs 75 to Rs 4125 followed by Island Textile down by Rs 47.50 to Rs 902. MCB Bank Limited and Exide (PAK) were the top price gainers of the day up by Rs 10.94 to Rs 230.23 and Rs 9 to Rs 321. In the top ten scrips, WorldCall Telecom was the volume leader of the day with 45.798 million shares as it closed at Rs 3.84 after opening at Rs 3.70. Telecard Limited was on the second position with 31.638 million extended by Rs 1 to Rs 7.10. It was followed by PTCLA with 29.819 million, TRG Pakistan Limited with 25.686 million, Maple Leaf Cement with 22.894 million, Wateen Telecom Limited with 20.296 million, Fauji Cement with 19.629 million, JS Company with 15.354 million, Nishat Mills Limited with 12.741 million and Engro Corporation with 11.542 million shares respectively. Samar Iqbal equity dealer at Topline Securities said corporate results and support from local and foreign fund managers helped market cross 18,000 points level. With increasing average volume of Rs.8.5 billion KSE-100 index gained 1.6pc on week on week basis. Telecommunication sector remained the highlight of the week amid news flow regarding Court decision in international call rate case. Engro also followed suit after the agreement of increased gas supply from OGDC. Result announcement of blue chip companies like Kapco, OGDC, PSO also supported the benchmark index. Going forward, market may continue its rally amid caretaker setup while results announcement from NBP and UBL will also play pivotal role.