KARACHI - The bull-run continued at the stock market on second consecutive day and the KSE 100-index crossed the psychological barrier of 9,500 due to intense buying in banking, oil and gas sectors. The KSEs benchmark 100-share index added 221.42 points, or 2.35 per cent, and closed at 9,659.27 points on turnover of 147.96 million shares. The KSE 100-index opened in green zone with a gain of 24.89 points. On the other hand, the KSE 30-index closed at 10166.21 with a gain of 241.62 points. All shares index closed at 6845.46 with a gain of 144.49 points. Trading activity was better as compared to the last trading session as the ready market volume was 193.334m as compared to last trading sessions 94.598m. Future market volume, however, was 3.593m shares as compared to 1.849m shares of last trading session. Total trades increased to 115,793 as compared to last trading sessions 64,516, while 222 companies advanced, 159 declined and 22 remained unchanged. The highest volumes were witnessed in GGL at 21.138m, closed at Rs 21.79 with a gain of Rs.11.79 followed by OGDC at 15.927m, closed at Rs 117.48 with a gain of Rs 5.59, AHSL at 14.110m, closed at Rs. 51.65 with a gain of 1.89. Ahsan Mehanti, a market analyst said, The rise in international oil prices, renewed foreign interest in Pakistan banks, oil and fertilizer sectors and expectation of reduction in discount rate in month end monetary policy announcement, played a catalyst role in positive activity despite major concerns on rising circular debt in the oil and energy sectors. The depreciation of Pak rupee has impacts on the trading activities at the market as rupee was traded at a new record low on demand for foreign exchange to pay for imports, especially oil, and dealers said they expected the currency to remain under pressure. The rupee was quoted closing at 84.55/59 to the dollar, compared with Saturdays close of 84.23/33. The other news that affected the market were margin trading may take 2 months as some of the stakeholders had asked for more time to review the Margin Trading System (MTS); circular debt hits Rs250bn; oil goes past $81, adding to 2009s 78pc surge the highest in more than two months on news that Russia had halted oil supplies to Belarus and on cold weather in the United States. It is observed that the banking stocks comfortably joined the rally as the sector stocks are yet to reflect the impact of relaxation in FSV and the upcoming months will favor the balance sheet of bad loan hit banks, besides on time gains in some due to sale or listing of their strategic holdings. Hasnain Asghar Ali, a market expert, said the rising trend in international oil prices weaker currency certainly will add to various pressures on economy, mainly affecting inflationary pressures and high interest environment, adding to the pressure will be revenue shortfall and fiscal imbalance.