KARACHI - The local bourses opened on Monday with positive note as the benchmark KSE-100 index gained 51 points to close at 9,438 levels. DG Khan Cement remained in the limelight as rumour of Bhasha Dam construction hovered in the market, and DGKC stock price increased by 3.7 percent to close at Rs33.76 with strong volumes of 11.4m shares. Lucky Cement also followed the trend and witnessed investors buying interest. The KSE 100-index opened in green zone with a gain of 24.83 points and at the end of the day closed at 9437.85 with a gain of 50.93 points. KSE 30-index closed at 9924.59 with a gain of 74.67 points. All shares index closed at 6700.97 with a gain of 35.42 points. Trading activity was minimal as compared to the last trading session as the ready market volume stands at 94.598m as compared to last trading session 140.218m. Future market volume however stands at 1.849m shares as compared to 10.610m shares last trading session. Market capitalisation stands over Rs 2.718tr, as total trades decreases to 64,516 as compared to last trading session 87,065, while 221 companies advanced, 162 declined and 16 remained unchanged. Highest volume trading was witnessed in DGKC at 11.380m closed at Rs 33.90 with a gain of Rs 1.34 followed by BoP at 9.148m closed at Rs 20.50 with a gain of Rs 1.00, AHSL at 6.906m closed at Rs 49.75 with a gain of Re0.48. Ahsan Mehanti, a market analyst, said that rise in international oil price near to $80, rise in local urea prices and continuing foreign interest played a catalyst role in positive activity ahead of year end result announcement sessions despite investor concerns on RBS/MCB deal lapse. Faran Rizvi at SMH Financial said a resistance was seen at the level 9560 and on the supportive of short term at 9354, and the reason was law and order uncertainty and lack of investors confidence that let market to play in range bond. The news that have impact on the trading activities at the market were MCB Banks deal to buy RBS Pakistan lapses; Bank advances up in CY09, 13 banks miss MCR; refineries refuse to pay petroleum levy to government; and cost of fertilizer companies to rise due to fuel price hike. According to the experts that it is a good sign that the first session of the new financial year managed positive numbers amid the high sensitivity of the local bourse towards law and order and various political issues. It is expected that new allocation for emerging markets and rising trend in various regional markets may influence the local bourse.