Cook the pasta in a large pot of salted boiling water al dente (about seven minutes), according to the instructions on the package.
Drain the pasta and rinse in cold water for about 30 seconds.
Combine pasta, cherry tomatoes (sliced in half, if desired) and mozzarella pearls and set aside.
Whisk together EVOO, balsamic vinegar, sugar, salt and pepper. Pour over pasta.
Toss shredded basil in salad.
Serve immediately, or store in a tightly covered container in the fridge for up to three days.