LAHORE - Recovery process continued on the second straight day and market bagged another 198 points. The KSE 100-index crossed 12,500 resistance level during intra-day trading but failed to sustain that level and settled at 12,479.47 points. Dealers said that rumours regarding the exemptions of CGT are injecting new confidence in the local investors. Although the volumes are still suppressed but increase in the trading activity by 25.25 million shares or 18.9 per cent to 158.64 million shares suggest that sidelined investors are opting to enter the market again. They said that smooth settlement will give some strength to the market and recovery can continue for another day. Investors will wait for budget to see final outcome of capital gain tax proposal. It is hoped that budget maker will not burden the capital market which is already in crisis. Any way final direction of the market will be determined by the political factors but short-term rise depend on budget proposals. Trading activity was reported in 342 scrips and out of those 248 closed in plus and 78 in minus column while 16 remained unchanged. Volumes saw little improvement and jacked up to 158.564 million shares. Sector wise activity was dominated by the Commercial Banking where major scrips like MCB, ABL and AKBL hit their upper locks. Positive news regarding allocation of PSDP generated investors' interest in Cement Scrips led by DGKC. Investors are advised to maintain hold stance till budget. Earlier, market opened with upward gap of 33.91 points at 12315.11 points. After positive opening, market climbed up to 12529.11 points to establish intraday high. From that point onwards market kept on loosing earlier gains slowly but remained in plus column though it breached opening level and went down to 12281.20 points. Free float index opened in plus column and straightway went up to 14692.52 points high. After establishing intraday high market started sliding down slowly but keeping the plus sign it went down to 14321.13 points. Before closing once again it climbed up and closed 317.42 points plus at 14638.55 points. All shares index also gained 141.94 points in today trading and closed at 8946.16 points. NIB bank was declared top volumes leader with traded volumes of 11.760 million shares and closed in plus column. In today trading AKBL, UBL, MCB, DSL, PPFL, HCAR, PAKRI, PASL and JOVC closed at their upper lock. The LSE-25 market closed 52.55 points plus at 3946.12 points. Out of 102 active scrips 50 closed with plus signs against 7 minus closings while 45 scrips kept last closings. Volumes got little boost and it swell to 13.286m shares. NIB bank remained volumes leader with traded volumes of 2.200 million shares. Out of top ten volumes leaders eight closed in plus column.