KARACHI - The stocks rose on Thursday, cheered by the resolution of a potentially destabilising judicial dispute, but closed off an intraday high as investors booked gains. The Karachi Stock Exchanges benchmark 100-share index, which opened in the green zone with a gain of 65.00 points, ended 0.31 percent, or 30.47 points, higher at 9,897.56 on turnover of 97.28 million shares. The intraday high was at 9,947.10 points. On the other hand, the KSE 30-index closed at 10273.26 with a gain of 27.18 points. The KMI 30-index closed at 14551.51 with a gain of 18.65 points. All shares index closed at 7019.08 with a gain of 21.59 points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 140.544m as compared to last trading sessions 201.222m. Future market volume, however, stood at 3.290m shares as compared to 2.705mn shares of last trading session. Market capitalization stood over Rs2.842tr, as total trades decreased to 83,270 as compared to last trading sessions 99,522, while 193 companies advanced, 196 declined and 14 remained unchanged. Highest volumes were witnessed in WTL at 17.286m closed at Rs5.22 with a gain of Rs0.03 followed by AHSL at 13.057m closed at Rs49.67 with a gain of Rs2.36, LOTPTA at 9.642m closed at Rs10.75 with a gain of 0.08. Ahsan Mehanti, a market expert, said, Foreign interest in oil, banks and fertilizer scrips, rise in international oil prices, strong result announcement expectations in insurance, banking sector companies played a catalyst role in positive activity despite intraday correction after deadly blast in tribal areas of Pakistan. Some news that affected the trading activities were: current account deficit narrows by 69 percent; Govt aims at 7pc inflation for FY11; and SSGCL seeks increase in gas price. Moreover, a massive single day inflow of $6.1 million of foreign investors portfolio investment at the local equity market was witnessed yesterday. The positive developments on political front encouraged the offshore investors to take fresh positions at the local equity market. The foreign investors bought shares worth Rs 637.86 million while they sold shares worth Rs 119.91 million. The market rallied in the early trading hours, after the net foreign inflow of $6mn yesterday, but profit-taking was witnessed as the psychological barrier of 10,000 continues to be a supply zone. ICI closed 0.7pc down, as it announced below-market expectations Financial Year 2009 result with an EPS of Rs14.73, while a speculative rally was witnessed in POL, after yesterdays rally in OGDC.