LAHORE - The Karachi Stock Exchange gained a meagre 69.37 points to close at 9,838 points in current week compared with 9,768 points last week; failing to touch the psychological barrier of 10,000. The average turnover remained 192.190 million shares as compared to 280.806 million shares of the previous week reflecting a significant downward trend of 88.616 million shares. On the other hand, the junior KSE 30-index gained 186.88 points during the week to close at 10,441.57 compared to 150.26 points gained and closed at 10,345.94 points of the previous week. Bulls overwhelmed the market consecutive three centre days from Tuesday to Thursday while during first and last business day of the week bears dominated the market. On first of business day Monday, KSE shed 126 points on government reservations over Karry-Lugar Bill while Friday was also unlucky day for bourse which shed round 7 points on the back of Peshawar blasts. The buying activity in the market was mainly due to the rumour of likely delay in the newly introduced 'client level margining, increase in number of securities accepted as exposure in 'CLM upon re-launching and renewed foreign interest in main scrips ahead of various positive results announcement. It would not be out of place to mention here that benchmark touched highest level of 9,978.36 points on the last trading day of the week Had not blast took place in Peshawar, the KSE would have been crossing the ambitious and long-awaited target of 10,000 points. The blasts in Lahore and Peshawar grabbed the opportunity from investors and other KSE stakeholders to cheer on gaining 5-digit mark. However, despite the opposition over Kerry-Lugar bill, expected operation in Waziristan, concerns over NRO presentation in NA and rise in international oil prices, the equity market performed well. Had these factors eliminated amicably, the bourse would have surely been crossed the psychological limit of 10,000 points. On the first day of the week Monday, the bears paralysed the upward march of KSE towards 10,000 points level as intense selling witnessed on governments reservations over Kerry-Lugar Bill while KSE 100-index shed 1.29 percent or 126 points. Introduction of client level margining did impact the turnover that has been on lower side mainly due to absence of ready board leverage, kept the local bourse in the stagnation period after initial trading hours as the local participants awaited the dollar based participants to set the direction. Lull around midday, however, did force the benchmark to melt at a rapid pace, with extremely low turnover. While, KSE-30 index closed at 10254.69 points, shedding 126.56 points. Trading activity was alarming at the KSE as the ready market turnover squeezed to 159.082 million shares. The business activity took a u-turn on Tuesday at the equity market as the KSE 100-index recovered losses of previous sessions by 44 points to close at 9,686 points. Positive movement at the stock exchange on Tuesday helped boosting the business activity ahead of September result announcements this week. Fall in CPI at 10.12pc September YoY, expectation of reduction in discount rate next month and hope of early approval of leverage products at the market played a key role in positive activity at the KSE. KSE-30 index closed at 10,318.59 points with a gain of 63.90 points. Trading activity was further dropped to 119.039 million shares as compared to last trading sessions ready market volume of 159.082 million shares. Wednesday was the luckiest day for KSE as strong buying activity continued at the local bourse when the KSE-100 index looked one step away from the 10,000 points psychological barrier while gaining another 118 points to close at 9,804 points. With dollar-based activity drying up, the rumour of likely delay in the newly introduced 'client level margining and increase in number of securities accepted as exposure in 'CLM upon re-launching, triggered the bull-run at local equity market. Rising trend in international oil prices was yet again welcomed by the seasoned participants, thus, allowing the benchmark to stretch up to triple digit gains led by oil and gas exploration and marketing stock. KSE-30 index closed at 10,463.53 points, gaining 144.94 points on Wednesday. Trading activity was much healthier as compared to the last trading session. The ready market volume stood at 222.418 million shares. On Thursday, terrorist attacks in Lahore restricted the most expected run-up leading to 10,000 points level for the benchmark 100-index as market closed at 9,845 points with a gain of only 41 points. The benchmark 100-index started the day with a gain of 49.73 points and market witnessed sessions highest level of 9,936.36 points while closing the day at 9,845.73 points, above 41.12 points. Moreover, KSE 30-index closed at 10,489.02 points with a gain of 25.94 points. Trading activity at the exchange slightly decreased to 216.528 million shares as compared to last trading sessions ready market turnover of 222.418 million shares. On the last business day Friday, confusion amongst investors mainly because of opposition over Kerry-Lugar bill, expected operation in Waziristan and concern over NRO presentation in NA remained major anxieties that kept KSE to remain nosedive as KSE-100 index shed nominal 7 points to close at 9,838 points. The KSE-100 share index kicked-off in green numbers, gaining 41.18 points while at the end, market lost 7.62 points to close at 9,838.12 points. Importantly, benchmark touched days highest level of 9,978.36 points on the last trading day of the week. Meanwhile, junior KSE 30 index closed the day at 10,441.57 points with a loss of 47.45 points. Trading activity at the market was much better as compared to the last trading session as the ready market volume edged up to 243.884 million shares against last trading sessions 216.528 million shares.