KARACHI - After five consecutive negative trading sessions, the benchmark KSE 100-share index managed to close in the positive zone; gaining 47.81 points to close at 9,546.38 level, primarily on the back of institutional buying in oil, insurance and banking sector scrips. However, the volumes traded yesterday, though up by 9 percent (to 109m shares), remained dull on a general note, as investors intended to stay on the sidelines amid uncertainty surrounding CGTs modalities and the selection of the finance minister. On the other hand, the KSE 30-index closed at 9974.84 with a gain of 50.46 points. The KMI 30-index closed at 14264.41 with a gain of 81.55 points. All shares index closed at 6755.34 with a gain of 28.57 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 109.288m as compared to last trading sessions 100.205m. Future market volume, however, stood at 1.317m shares as compared to 1.575m shares of last trading session. Market capitalization stands over Rs2.737tr, as total trades increased to 65,346 as compared to last trading sessions 60,891, while 161 companies advanced, 205 declined and 17 remained unchanged. Highest volumes were witnessed in WTL at 11.767m closed at Rs4.41 with a loss of Rs0.21 followed by LOTPTA at 8.567m closed at Rs9.51 with a gain of Rs0.12, ANL at 8.140m closed at Rs16.85 with a loss of 1.00. Ahsan Mehanti, a market expert, said, 'Renewed foreign interest in the market, rise in global commodity prices and positive expectation from upcoming result announcements played a catalyst role in positive activity at KSE. The news that affected the trading activities at the market were: PC discusses PPL, OGDC privatisation; Beema Pakistan found full of fraud; Jul-Dec budget deficit estimated at 2.7 percent of GDP; and Jan bank spreads down 53bps YoY. The main board and stocks that are offering double digit invited accumulation from the corporate participants, while banking, oil and gas exploration stocks have supported the benchmark attaining intra-day high, and low priced stocks along with the stocks that have been in grip of various rumours contributed substantially to the turnover, mainly due to hand change. Hasnain Asghar Al at Aziz Fidahusein said 'With economic and other issues carrying potential threat to the smooth movement and sustainability of the local bourse, still existing the general sentiment continued to stay on the lower side, absence of carry over mechanism disallow even the optimist to carry over night position.