LAHORE - The Karachi Stock Exchange (KSE) gained another 147 points to close at 9923.14 points during the outgoing week, the 10,000 psychological mark was short of just 77 point. The average turnover remained 157.020 million shares as compared to 195.904 million shares of the previous week reflecting downward trend of 38.9 million shares. On the other hand, the junior KSE 30-index gained 202.27 points to close at 10491.54 during the current week as compared to 439.35 points gained in previous week. Gaining spree at KSE remained continue as bulls overwhelmed the equity almost whole week despite the fact that State Bank of Pakistan maintained growth target of GDP between 2.5 percent and 3.5 percent for the financial year 2009-10 (FY10) and various steps taken to paint an improved picture of economy and various other issues. The stakeholders adopted a cautious stance while day traders took benefits whenever they have had opportunities. However, there are many other good news which kept the benchmark KSE 100-index to flourish, though slow, to retouch the psychological 10,000 mark including Oil and Gas Development Company and Nawab Mir Aali have reached an agreement to restart exploration activities in Uch field after a deadlock due to tensions between the OGDC and tribesmen; December result announcements on expectations of record outcomes for banks, fertilizer and oil & gas sectors; expectation of reduction in discount rate in monetary policy announcement this month; rise in furnace oil consumption and record bids for Fatima Fertilizer book building that played a catalyst role in positive activities at KSE. A market analyst said the fall in trade deficit by 29.44pc for half year ending Dec 2009, rising international oil prices over $83, expectation of strong result announcements next week played a catalyst role in positive activity despite concerns over rising inflation by 10.52pc Year-on-Year in the country after CPI data released by SBP. On Tuesday bull-run spree could not continue at the stock market as overall activity remained range bound for most of the sectors since the index moved in a band of 80 points. The KSE 100-index opened in green zone with a gain of 24.80 points and at the end of the day closed at 9778.36 with a loss of 18.64 points. KSE 30-index closed at 10304.58 with a loss of 24.66 points. Trading activity was minimal as compared to the last trading session as the ready market volume stands at 111.543m as compared to last trading session 178.320 million. Experts said that a mixed response was witnessed after SBP quarterly report, which stated that most of the key indicators continue to mark a positive trend. The KSE 100-index opened in green zone with a gain of 15.37 points and at the end of the day closed at 9784.85 with a gain of 6.49 points. KSE 30 index closed at 10310.16 with a gain of 5.58 points. Trading activity was better as compared to the last trading session as the ready market volume stands at 127.309 million. After witnessing a range-bound activity most of the time on Thursday, the local bourse closed on a positive note. Experts said that local investors took interest in buying major scrips due to their attractive prices. Resultantly, the benchmark KSE 100 index closed 18 points up at 9,802 level. The KSE 100-index opened in green zone with a gain of 25.59 points and at the end of the day closed at 9802.45 with a gain of 17.60 points. KSE 30 index closed at 10359.64 with a gain of 49.48 points. Trading activity was better as compared to the last trading session as the ready market volume stands at 163.105 million. On Friday, the last business day at KSE, market witnessed intense buying in oil, banking and telecom scrips as the investors remained bullish ahead of December result announcements. The 100-index opened in green zone with a gain of 39.29 points and closed at 9923.14 points with a gain of 120.69 points on turnover of 163.58 million shares. The KSE 30-index closed at 10491.54 after gaining 131.90 points. Trading activity was better as compared to the last trading session as the ready market volume stood at 204.825 million as compared to last trading sessions 163.105 million.