KARACHI - A bullish activity was witnessed at the local bourse on Wednesday, as local investors celebrated the receipt of $1.2 billion loan tranche from the IMF. The KSE 100 Index opened in green zone and at the end of the day closed at 9,507.95 level, showing a gain of 97.29 points. The KSE 30 index closed at 10,001.72 level with a gain of 118.17 points. All shares index closed at 6,743.40 level, with a gain of 63.98 points. Experts said that the governments reassurance to the traders, whose businesses were affected in Karachi blast on Ashura day also boosted the trading activity at market. Moreover, the rise in international oil price to over $79 and continuing foreign interest in the stock market played a important role in positive activity at KSE. Trading activity was better as compared to the last trading session as the Ready market volume stands at 145.252m as compared to last trading session 50.399m. Future market volume however stands at 3.929m shares as compared to 0.818m shares last trading session. Market Capitalization stands over Rs. 2.737tr, and total trades increases to 89,400 as compared to last trading session 36,096, while 232 cos advanced, 148 declined and 20 remained unchanged. Highest volumes were witnessed in PPTA at 21.369mn closed at Rs. 8.01 with a gain of Rs. 0.41 followed by BAFL at 13.531mn closed at Rs. 14.05 with a loss of Rs. 0.13, AHSL at 9.152mn closed at Rs. 49.60 with a gain of 1.57. The following news reports affected the KSE: Pakistan receives fourth IMF tranche of $1.2bn as part of its package for Pakistan; Bank spreads slip by 8bps MoM in November and cost of deposits remained on same level of 6.25 per cent while they were 6.26pc in previous month; Pakistan ranked 2nd in MSCI FM Index after Sri Lanka. The local share market witnessed healthy recovery with the benchmark KSE-100 index posting a handsome gain of 60.45% in 2009 after a record fall of 58% in 2008. Despite this handsome gain of over 60% in 2009, the market is still 40% down from its all-time high level of 15, 676 points seen on April 18, 2008. Moreover, Net investment in National Savings Schemes (NSS) surged by 150.6 per cent or Rs59.11b to Rs98.37b in initial five months of the current fiscal year (5MFY10) as against Rs39.22b attracted in same period last year.