KARACHI - Bulls continued to dominate the stock market on the last day of the week as well and the KSE extended gains on Friday to close at a new 19-month high as investors were encouraged by the relative political stability and strong foreign portfolio inflows in recent weeks. The Karachi Stock Exchanges benchmark 100-share index, which opened in the green zone with a gain of 13.64 points, ended 1.66 percent, or 169.74 points, higher at 10,416.51. It was the highest closing for the KSE-100 since Aug. 20, 2008, when it ended at 10,525.99. The index touched an intraday high of 10,429.99 points. Volume rose to 205.11 million shares from 170.19 million traded on Thursday. The KSE 30-index closed at 10680.98 with a gain of 181.32 points. The KMI 30-index closed at 15860.53 with a gain of 245.66 points. All shares index closed at 7335.48 with a gain of 110.46 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 205.629m as compared to last trading sessions 170.343m. Future market volume, however, stood at 9.847m shares as compared to 4.472m shares of last trading session. Market capitalization stood over Rs2.951tr, as total trades increased to 102,409 as compared to last trading sessions 88,237, while 220 companies advanced, 136 declined and 14 remained unchanged. Ahsan Mehanti at Shehzad Chamdia Securities said, Political consensus on constitutional reforms, expectation of early release of IMF tranche for Pakistan support and rise in global equity markets played a catalyst role in the positive activity. Some news that had impact on the trading activities were: Businesses borrow Rs138b from banks, IMF board set to meet in coming weeks, and liquid reserves tick up to $14.94 billion.