KARACHI - The stock market on Tuesday ended up at a near two-week closing high on buying by foreign investors which boosted local investor confidence. The KSEs benchmark 100-share index, which opened in the green zone with a gain of 23.72 points, gained 46.84 points, or 0.48pc, to end at 9,787.03 points. The index ended at 9,823.57 points on Feb. 23. On the other hand, the KSE 30-index closed at 10257.84 with a gain of 46.96 points. The KMI 30-index closed at 14683.26 with a gain of 128.79 points. All shares index closed at 6914.37 with a gain of 28.87 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 212.720m as compared to last trading sessions 174.310m. Future market volume, however, stood at 13.308m shares as compared to 2.689m shares of last trading session. Market capitalization stood over Rs2.821tr, as total trades increased to 105,343 as compared to last trading sessions 90,061, while 197 companies advanced, 196 declined and 12 remained unchanged. Highest volumes were witnessed in LOTPTA at 31.497m closed at Rs11.28 with a gain of Re0.17 followed by PTC at 20.656m closed at Rs20.11 with a loss of Re0.03, JSCL at 13.344m closed at Rs24.10 with a gain of Re0.33. Ahsan Mehanti at Shehzad Chamdia Securities said, Continuing foreign interest, rise in global oil prices, and stronger valuations in oil & gas and banking sectors played a catalyst role in positive activity despite growing concerns over delay in appointment of the finance minister, and release of 4th IMF tranche for Pakistan economic stability. The news that affected the trading activities at the market were: Fourth IMF tranche in peril; Azgard Nine to launch IPO at Rs 30 per share; Proposed VAT to be imposed on all sectors; Feb CPI may have hopped 13.2pc YoY; and offshorers lift KSE over 9,700. The high-priced stocks continued to stay under pressure due to unprecedented selling by the local participants from both categories of corporate and high net worth, while, with inflationary pressures mounting, threat of likely increase in local interest rates and repercussions of CGT continues to carry the potential of restricting the surge and invited sell-off. Hasnain Asghar Ali, at Aziz Fidahusein said, 'Increase in participation by the local corporate have been well received by the local participants as reflected by optimism in the arena, with impact cost still on the higher side mainly due to absence of buyers in expensive stocks on intervals, in case of sell-off by off-shore participants, chances of price erosion stays on higher side, caution and preference of short term gains was therefore quite visible. However, the KSE Board has decided to sell one of the defaulted members card for Rs51.5 million. The board also decided to propose Wahab Kudvais name for Central Depository Company (CDC) chairmanship while Ebrahim Qasims name for National Clearing Company of Pakistan limited (NCCPL) chairman ship.