KARACHI - The strong recovery of Dubai financial markets led to intense buying which resulted in the KSEs close at 9280.16 points with a gain of 242.86 points or 2.69pc. Moreover, the local investors took exposures in Dubai exposed scrips in banking, telecom, cement and insurance sector. The KSE 100-index opened in green zone with a gain of 16.45 points. KSE 30-index closed at 9794.89 with a gain of 298.79 points. KMI 30-index closed at 13621.92 with a gain of 371.90 points. All shares index closed at 6586.14 with a gain of 164.62 points. Trading activity was better as compared to the last trading session as the ready market volume stands at 171.859m as compared to last trading session 116.439m. Future market volume however stands at 2.840m shares as compared to 0.795m shares in the last trading session. Market capitalisation stands over Rs 2.675tr. Total trades increases to 100,453 as compared to last trading session 62,575. 271 companies advanced, 122 declined and 15 remained unchanged. The highest volumes were witnessed in BAFL at 23.604m closed at Rs 14.35 with a gain of Re 0.55 followed by JSCL at 11.799m closed at Rs 32.00 with a gain of Rs1.37, PTC at 10.813m closed at Rs.17.60 with a gain of Re 0.79. Ahsan Mehanti at Shehzad Chamdia Securities, while endorsing the above mentioned reasons conducive in intense buying at the market, said that the US congress bill approval for Pakistan aid of $1.46b, renewed retail/institutional interest in oversold blue chip scrips, also played a catalyst role in positive activity at KSE. The increase of shares witnessed as Wyeth Pak ltd. gained Rs 45/share with the close at Rs1225, Bata (Pak) second the position with the gain of Rs 40.21/share with the close at Rs 940, Millat Tractors at the gain of Rs 18/share to close at Rs378.19, Attock Petroleum has the increase of Rs 14.40/share and closed at Rs 349. The companies with the losses per share are Siemens Pak that lost Rs 18.89/share with the close at Rs 1226, Nestle Pak at the loss of Rs 8/sahre by closing at Rs 1200, Grays of Cambridge decreased Rs 5.12/share to close at Rs 97.36, Pak. Int. lost Rs 5/share with the closure of Rs 107.70. Hasnain Asghar Ali at Aziz Fidahusein and Co. said the news of an end to Dubai World episode did invite buying in the local banking sector stocks, as besides Dubai development, high chances of recovery of bad loans due to intervention of SC, is expected to improve the balance sheet of various banks.