KARACHI - Tuesday proved to be a very good day for the stock market as the KSE-100 index once again crossed the psychological barrier of 10,000 points on buying by foreign investors especially in the energy sector, with expectation of approval of new leverage product, higher crude oil prices and recovery in global capital markets also playing a key role in the positive activity. The Karachi Stock Exchanges (KSE) benchmark 100-share index closed at 10,114.65 after gaining 135.58 points, its highest close since May 14. Higher production numbers for OGDCL and PPL saw buying in the stocks by foreign investors. OGDCL ended 3.03 percent higher at 149.90 rupees and PPL rose 2.37 percent. The energy sector is also the heaviest weighted sector on the KSE-index. Volume was 67.97 million shares, compared with 64.70 million shares traded on Monday. The KSE 30-index closed at 10001.26 with a gain of 149.21 points. The KMI 30-index closed at 15318.60 with a gain of 233.91 points. All shares index closed at 7084.13 with a gain of 90.83 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 67.917m as compared to last trading sessions 64.074m. Future market volume however stood at 3.346m shares as compared to 3.031m shares of last trading session. Market capitalization stood over Rs2.842tr. Total trades increased to 54,323 as compared to last trading sessions 49,739. 162 companies advanced, 204 declined and 15 remained unchanged. Highest volumes were witnessed in BYCO at 7.572m, closed at Rs12.56 with a gain of Re0.49, followed by DGKC at 5.618m, closed at Rs27.20 with a gain of Re0.38, and JSCL at 3.620m, closed at Rs12.83 with a loss of Re0.19. The analysts said the benchmark continued the northward movement with OGDC contributing substantially to the gains, while other E&P stocks followed the pursuit, cement stocks soon joined the rally along with wide spread stocks of various sectors. They said besides the sound echoing gora buying participation by the local corporate and high net worth participants allowed the activity to stay on higher side, since those confident about re-launching of a flexible leverage product. They said now revalue the main board stocks at a reasonably higher levels, while those unaware of the properties stay followers with limited horizon. They said despite high trading activity stagnation re-surfaced after initial trading hours, thus re-inviting melt down in fag hours, the benchmark through efforts in OGDC (contributed more than 50% in total gains) sustained positive numbers. They said while other stocks lost values due to off-loading initiated due to lacklustre activity since, sustainability is highly dependent on re-launching of ready board leverage product, caution is recommended, as the various issues on economy. They said political and other fronts will keep the local bourse sensitive, with upcoming results unlikely to display abnormal strength, revaluation on basis of increase in local strength may allow the index to test new levels, dips mainly in the dividend yielding stocks can be capitalized, while technical calls in various main board stocks can be attended with identified stop losses, both for rate and holding period.