Talking to APP, Stock Analyst Zaheer Ahmed said that the oil and fertilizer caused the positive sentiments in the local stock markets because of the major positions taken in the markets by the investors.

He said that the turnover in the markets had also registered a substantial the rise which was positive sign for longterm investment.

Besides, the jobbers has taken the major positions in the low-priced shares including banking and cement sectors.

Total volume of shares traded were 7,117, which was up by 4,017 as compared to a day earlier's closing.

Out of 110 companies's shares traded, the price of 110 was increased while the price of 14 decreased.

The price top gainer MCB Bank was increased by Rs.7.62 while the price top loser Searl pakistan deceased by Rs.1.18.

Lafrage Pakistan Cement, Bank of Punjab and Byco Petroleum remained volume leaders on Thursday, with volume of 3,117, 2,000 and 1,000 shares respectively.