SYED MOHAMMAD TAHIR LAHORE - The Karachi Stock Exchange gained significant 389.21 points to close at 9,776.21 level in outgoing week compared with 9,378 level last week and inching up towards psychological barrier of 10,000 on the back of foreign investors renewed interest. The average turnover remained at 195.904 million shares as compared to 111.936 million shares of the previous week, reflecting a significant rise of 83.968 million shares. The junior KSE 30-index gained 439.35 points during the week to close at 10,289.27. Bulls overwhelmed the market whole week after a long span of time despite last week bomb blast in citys famous Moltan Market in which over 45 innocent people lost their lives. It was Thursday when bourse made an intra-day high at 9,813.13 points. According to experts, it was a good omen that first session of the new financial year managed positive numbers despite high sensitivity of the local bourse towards law and order and various other political issues. As most of the countries are coming out of economic meltdown phenomenon, now it could easily be predicted that local bourse would also get influence from the emerging markets of the region. Though the depreciation of countrys currency should have had its shadow over local equity but luckily so far the bourse is inching towards it new heights. There were news that countrys circular debts had hit Rs250 billion and on international level oil goes past $81 level, Russia had halted oil supplies to Belarus combined with reports of cold weather in the United States and Europe. Conversely, there was good news for benchmark KSE that margin trading might take two more months as some of the stakeholders had asked for more time to review Margin Trading System that boosted the market enormously. On the first business day Monday, the local bourses opened with positive note as the benchmark KSE-100 index gained 51 points to close at 9,438 levels. DG Khan Cement remained in the limelight as rumour of Bhasha Dam construction hovered in the market, and DGKC stock price increased by 3.7 percent to close at Rs33.76 with strong volumes of 11.4m shares. Lucky Cement also followed the trend and witnessed investors buying interest. The KSE 100-index opened in green zone with a gain of 24.83 points and at the end of the day closed at 9437.85 with a gain of 50.93 points. KSE 30-index closed at 9924.59 with a gain of 74.67 points. Trading activity was minimal as compared to the last trading session as the ready market volume stands at 94.59. On Tuesday bull-run continued at the stock market on second consecutive day and the KSE 100-index crossed the psychological barrier of 9,500 due to intense buying in banking, oil and gas sectors. The KSEs benchmark 100-share index added 221.42 points, or 2.35 per cent, and closed at 9,659.27 points on turnover of 147.96 million shares. The KSE 100-index opened in green zone with a gain of 24.89 points. On the other hand, the KSE 30-index closed at 10166.21 with a gain of 241.62 points. Trading activity was better as compared to the last trading session as the ready market volume was 193.334m as compared to last trading sessions 94.598m. The bullish trend continued at the stock market on third consecutive day on Wednesday because of greater foreign interest that boosted local investor confidence. Positive activity was observed in the E&P and banking sectors. Resultantly, the KSE 100-share index ended 69.98 points or 0.72 per cent, up at 9,727.36. The 100-index opened in green zone with a gain of 40.64 points and at the end of the day closed at 9727.36, while the KSE 30-index closed at 10256.87 with a gain of 90.66 points. All shares index closed at 6891.55 with a gain of 46.09 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 228.207m as compared to last trading sessions 193.334m. The local bourse witnessed a range bound session on Thursday as investors sold shares at higher levels to book profits following a 3 per cent rise this week. The Karachi Stock Exchanges benchmark 100-index gained 10.11 points to close at 9,737 level with turnover of 170.94 million shares. The KSE 100 Index opened in green zone with a gain of 16.38 points and at the end of the day closed at 9737.47 level with a gain of 10 points. KSE 30 index closed at 10244.21 with a loss of 12.66 points. Trading activity was better as compared to the last session as the ready market volume stands at 236.252m. On Friday, the last business day at KSE, positive activity was witnessed even at the fifth consecutive day at KSE on investors renewed interest in blue chips scrips of oil, bank and fertilizer ahead of results announcement session. The KSE 100-index opened in green zone with a gain of 15.19 points and at the end of the day closed at 9776.21 level, showing a rise of 38.74 points. KSE 30-index closed at 10289.27 with a gain of 45.06 points. Trading activity was minimal as compared to the last trading session as the ready market volume stands at 227.130m as compared to last trading session 236.252m.