KARACHI - The bulls made a strong come back at the stock market on Wednesday and the KSE 100-share index crossed the psychological barrier of 10,500 on renewed foreign interest in oil & gas, fertilizer and banking scrips. The KSE 100-index, which opened in the green zone with a gain of 22.99 points, closed at 10523.01 with a gain of 103.19 points. The KSE 30-index closed at 10762.04 with a gain of 100.16 points. The KMI 30-index closed at 15914.54 with a gain of 116.59 points. All shares index closed at 7405.32 with a gain of 70.83 points. Trading activity was better as compared to last trading session as the ready market volume stood at 300.746m as compared to last trading sessions 244.706m. Future market volume, however, stood at 3.737m shares as compared to 12.004m shares of last trading session. Market capitalization stood over Rs2.976tr, as total trades decreased to 106,678 as compared to last trading sessions 108,711, while 228 companies advanced, 174 declined and 19 remained unchanged. Highest volumes were witnessed in LOTPTA at 64.669m closed at Rs13.28 with a gain of Rs0.51 followed by SILK at 64.219m closed at Rs4.18 with a gain of Rs0.95, ANL at 14.796m closed at Rs12.05 with a loss of Rs.0.39. Ahsan Mehanti at Shehzad Chamdia Securities said, Rise in international oil price, positive statements on Pakistan nuclear weapons by US and rise in local cement prices played a catalyst role in positive activity ahead of quarterly result announcement sessions. Some news that affected the trading activities at the market were: 2010-11 GDP may grow at 4pc; circular debt increases to Rs 115 billion; Pakistan ranked third in riskiest debt table; and 9M oil off-take jets up by 11.2pc. Moreover, the KSE secured third position among the 19 best markets of the world on the basis of performance during January-March 2010. The KSE stood at number three during Jan-Mar as it gained 8.4 percent in the same period. The report added that Sri Lankan market emerged as the top performer followed by Indonesia. Lotte-Pakistan continued to stay the volume leader that was followed by Silk bank. Both the stocks contributed more than 40% of the total turnover, that stayed high in terms of traded shares but stayed 25% lower in terms of values of traded shares, in comparison to previous trading session. The news flow regarding CCOP ordinance continued to impact the valuation of the main board stocks of the sector, the update that the government has failed to implement the order by ECC regarding re-promulgation of the lapsed ordinance, invited turnover with gains in main board stocks of the sector.