KARACHI - The KSE 100-index witnessed slender recovery on Wednesday after yesterdays grim session at the bourse, while benchmark added 75 points to close at 9,087.70 points. Investors chose to remain sidelined as uncertainties continued to hover, especially on the political front. Attractive valuations drew investors interest as index moved north in the early trading hours to hit intraday high of 9,132, up 118 point. However, profit-taking and suicide blast in Islamabad triggered indexs journey to the south, wiping out earlier gains. After hitting intraday low of 9,013, benchmark 100-index again went for the up-turn to close at 9,084 points. Wednesday was marred by yet another session of dull trading activity as 92.34 million shares were traded against average daily volume of 127 million for the month of November 2009. Out performance of OGDC and MCB against the benchmark index provided much needed support to overall index as most of the bellwether scrips including UBL, HBL, POL, PSO and HUBC under-performed. Both, NRL and ARL mimicked the index performance, however, healthy recovery in the wee hours ensured both these stocks surpass index performance. We believe index is well poised for a pull back as economic fundamentals continue to march towards recovery. However, concerns regarding law and order condition and continual political saga, diluted some optimism, calling for a cautious approach, stated analyst Bilal Asif at HMFS. Furthermore, expectation of Pakistan access to EU markets under free trade agreement while institutional support in oversold banks and fertilizer scrips played a catalyst role in positive activity. The local equity market opened in green zone with a gain of 38.45 points and at the end of the day closed at 9,087.70, gaining 74.66 points. Meanwhile, parallel KSE 30-index closed at 9,571.35 points with a gain of 88.43 points. Total trading value of the exchange inched up to Rs 4.735b as compared to Rs 4.562b of last session. Despite Dubai financial crisis, possible delay in IMF tranche worth $1.2b, deteriorate security situation and NRO issue, market started with a positive note on renewed investor interest in oil scrips as international prices crossed $78 on weak dollar, China energy demand. UBL stock partially recovered after a massive selling pressure witness due to Bank clarified about its Dubai World exposure, expressed market expert Santosh Kumar. Karachi market capitalisation stood over Rs 2.627tr, showing a solid profit of Rs 22b in just one session. Moreover, out of 363 active symbols at the KSE, 202 gained value, 146 lost while only 15 remained unchanged. Bop proved itself a true volume leader and remained on top with the trading of 11.360 million shares, followed by JSCL with 6.990m shares, Pak PTA 5.654m shares, AHSL 4.328m shares, NML 4.270m shares, OGDC 3.955m shares, JOVC 3.558m shares, Bank Al-Falah 3.467m shares, MCB Bank 2.915m shares, UBL 2.804m shares namely. Leading gainers at the KSE include Javedan Cement, up by massive Rs75.99/share and its total value was improved to Rs76, Rafhan Maize added Rs74/share to close at Rs1,554, Nestle Pak gained Rs54.98/share, closing at Rs1,208 with the trading of only 1 share, Unilever Food up by Rs41.78/share and closed at Rs1,349, Wyeth Pak added Rs35/share to close at Rs1,300. Prominent losers include Grays of Camb, down by Rs7.72/share to close at Rs146.70, Indus Motor shed Rs6.93/share and its value was decreased to Rs207, Sitara Chemicals lost Rs5.89/share and closed at Rs161.01 with the trading of only 1 share, Javedan Cement down by Rs4.34/share, closing at Rs82.56, BOC Pak shed Rs2.87/share to close at Rs118.