The share prices maintained the winning streak as institutional support in gas, fertiliser and bank shares boosted the index where sentiment of general investors was cautious.
The KSE-100 index showed a rise of 14.77 points, or 0.32 percent to 4634.55 as compared with 4619.78.
The turnover fell to 276 million shares as against 293 million shares of Wednesday. The market capitalisation rose to Rs 992 billion, up from Rs 989 billion.
Aadil Ehtesham from Multiline Securities said that market in the session edged lower, hampered by weak oil and telecom stocks after investors cashed in on blue chips that made a trip into the red allowing market to go through with a narrow range trading.
Earlier dip was later used as a buying opportunity due to the lessening of selling pressure in the pivotal such as PSO, Hubco and PTCL.
Good performance in the fertiliser stocks following the active buying in Engro and Fauji propelled the market sentiments, and lately joined by the Sui Northern and Sui Southern also bucked the trend.
Hasnain Asghar of Aziz Fidahusein said that the swap from high priced stocks to the under valued growth stocks led to an adjusted opening, buying around support levels of 4610 however allowed the index to consolidate around 4610-4617.
Buying in fertiliser, gas and banking stocks kept the intra-day traders active while funds were placed in the high priced stocks upon adjustment.
Technically, market will continue to find support around 4610-4617, while the ability of the index to open above 4640 and consolidate around 4644 with healthy turnover will allow it to enter into next resistance region of 4669-4676.
Last session before weekend will, however, invite profit taking thereby leading to a range bound market.
Tariq Hussain Khan, manager research from Live Securities, said that contrary to general perception, the market moved in a narrow band, indicating lack of investors' interest due to lower volumes and absence of institutional support.
Though the market failed to generate bullish pattern, it however managed to trade above 4,600 level despite selling pressure visible in some of the scrips.
Sui Northern gas showed an increase of Rs 2.05 to Rs 47.10 on a volume of 50.682 million shares, Dewan Motors shed 35 paisa to Rs 36.40 on a business of 25.147 million shares, Sui Southern Gas rose by 70 paisa to Rs 32.40 on a trading of 32.40, Lucky Cement gained five paisa to Rs 26.55 on total deals of 15.076 million shares and Engro moved up to Rs 98.80 from Rs 97.55 on transaction of 13.268 million shares.
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