KARACHI, March 28: The stock market on Wednesday consolidated previous gains on active followup support on selected counters but instances of profit-selling at the inflated levels were not wanting.

The benchmark KSE 100-index managed to put on a fresh sharp rise of 125.68 points at 13,375.41 as most of the leading base shares in the oil and some other sectors were traded higher on renewed support.

Where the index will settle before the reformed Capital Gains Tax takes effect on April 1 is anybody`s guess but some analysts think it could confidently settle close to its next target of 14,000.

Leading base shares remained in active demand barring some fertiliser shares, notably Engro Corporation but cement shares came in for fresh support on reports of higher export sales and so did food shares, notably Unilever Foods and oil sharesunder the lead of Pakistan Oilfields, Pakistan Petroleum, Attock Petroleum and some others came in for active support and kept the market in a positive mood.

The bulk of the activity again remained confined to the low-priced sector under the lead of Azgard Nine and TRG Pakistan followed by some others, which together accounted for a half of the totalturnover.

Floor brokers said investors were, however, not inclined to miss the active sector, which has recently assumed the role of a market trend-setter in term of volume leaders.

`Investors seemed to be in a mood to keep the market in a good shape until April 1 when the keenly-awaited reformed CGT leads themarket,` they said.

Analysts said the reformed CGT may have certain positive points but the pre-advent buying euphoria or optimism linked to it may not address all the negatives facing the market just in one-go.

Plus signs again led the list under the lead of Unilever Pakistan and Indus Dyeing, while losers were led by Nestle Pakistanand Colgate Pakistan, off Rs61.41 and Rs42.80 respectively.

The traded volume soared to 450.238m shares from the previous 353m shares as gainers held a modest lead over the losers at 158 to 153 with 64 shares holding on to the last levels.

The active list was led by Bank of Punjab, off Re1 at Rs10.47 on 36m shares followed by AzgardNine, lower 55 paisa at Rs9.32 on 33m shares, JS & Co, up 79 paisa at Rs22.39 on 32m shares and TRG Pakistan, firmer by 15 paisa at Rs4.33 on 27m shares.

Lafarge Pakistan,easy one paisa at Rs3.96 on 21m shares, Bank Alfalah, higher by 88 paisa at Rs16.06 on 20m shares and Fauji Cement, easy by four paisa at Rs5.51 on 19m shares.

They were followed bySoneri Bank, higher by 81 paisa at Rs6.17 on 18m shares, D.G. Khan Cement, up 90 paisa at Rs34.59 on 17m shares and Arif Habib Corporation, lower 19 paisa at Rs32.16 on 15m shares.

FUTURE CONTRACTS: The active list on this counter was led by D.G. Khan Cement on strong buying aided by higher earnings, up 89 paisa at Rs34.97 on a largevolume of 7.030m shares followed by its March settlement, up also by the same amount at Rs34.63 on 2.356m shares and Arif Habib Corporation, lower 14 paisa at Rs32.50 on 2.025m shares.

They were followed by Bank Alfalah, higher 92 paisa at Rs16.33 on 1.723m shares and Engro Corporation, off 79 paisa at Rs103.03 on 1.336m shares.

DEFAULTER COMPANIES: Mixed trend was witnessed on this counter as investors played on both sides of the fence under the lead of Dadabhoy Cement, off 28 paisa at Rs1.72 on 0.287m shares followed by Quice Foods, higher by 45 paisa at Rs5.23 on 1.489m shares and Dost Steels, easy 11 paisa at Rs2.63 on 0.100m shares.

Other actives were led by Genertech Power, up 16 paisa at Rs1.63 on 0.140m shares, Kohinoor Industries, firm by four paisa at Rs1.73 on 41,616 shares and Kohinoor Power, easy by 18 paisa at Rs2.60 on 24,505 shares.