KARACHI - The bulls made a come back to the Karachi stock market on Wednesday on strong institutional interest in oil & gas, banking and fertilizer scrips, despite concerns over political & economic uncertainty. Ahsan Mehanti, Director Arif Habib Investments Limited, said, Rise in international oil prices, postponement in NRO case hearing by Supreme Court and renewed foreign interest played a catalyst role in the positive activity. The Karachi Stock Exchanges benchmark 100-share index ended 0.95 percent, or 97.64 points, higher at 10,389.97. The KSE 30-index closed at 10,069.44 with a gain of 130.00 points. The KMI 30-index closed at 16,430.50 with a gain of 204.44 points. All shares index closed at 7,237.62 with a gain of 64.80 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 8.13 million as compared to the last trading sessions 5.18 million. Future market volume however stood at 2.72 million shares as compared to 1.55 million shares of last trading session. Market capitalisation stood over Rs2.864 trillion. 236 companies advanced, 144 declined and 25 remained unchanged. Highest volumes were witnessed in Jah Sad at 6.69 million, closed at Rs 9.57 with a gain of Re 0.47, followed by Lafarage Pakistan at 6.40 million, closed at Rs 3.02 with a gain of Re 0.20, and Fauji Fertilizer at 2.07 million, closed at Rs 29.70 with a gain of Re 0.50. Hasnain Asghar Ali said, Main board stocks from almost all the sectors witnessed fresh funds inflow, mainly by the government treasuries. Resident participants and local financial groups; however, various economic, financial and judicio-political issues kept the sideliners glued to spectators gallery. Short-term trading opportunities were capitalised by the daring. He added that absence of leverage continued to restrict overnight positions, thereby, inviting mild profit-taking. Adjustment in stocks trading with dividends mainly those yielding in double digit kept the funds flow uninterrupted. He further said the posture of local bourse was indeed impressive, yet failed to tempt the sideliners due to polluted environment on various fronts that usually allows stagnation to resurface. He further informed that it is, however, recommended to wait for the settlement of dust on various fronts for taking long-term positions, while short-term trading opportunities on technical calls can be capitalised, since the funds allocated for the capital markets by corporate and resident participants are likely to keep activity alive. Opportunities will keep coming, however, sell is recommended on strength in the companies likely to reflect the impact of recent flooding and high interest rate scenario in upcoming results.