KARACHI - The bull-run entered third day on Thursday following an increase in flood relief support as the Asian Development Bank said it would likely extend a $2 billion assistance package following devastating floods. The World Bank on Tuesday said it will release $900 million to help speed up funding for Pakistans flood disaster relief as international agencies warned millions of people were at risk from disease. And the United Nations said nearly half the $459 million needed for initial relief in Pakistans worst ever floods has been secured. Fund offers from foreign donors for flood affected areas in the country played as a catalyst for the positive close in the market. However turnover was still low which depicted investors being on the sidelines awaiting clarity on the economic costs following the floods. The KSE 100-share index closed at 9847.61with a gain of 142.61points. The KSE 30-index closed at 9804.20 points with a gain of 162.65 points. The KMI 30-index closed at 15121.42 with a gain of 222.50 points. All shares index closed at 6877.00 with a gain of 93.30points. Trading activity was minimal as compared to the last trading session as the ready market volume stood at 55.915 million as compared to last trading sessions 59.453 million. Future market volume however stood at 2.141 million shares as compared to 1.901 million shares of last trading session. Market capitalization stood over Rs2.759 trillion. 202 companies advanced, 141declined and 18 remained unchanged. Highest volumes were witnessed in Lotte Pakistan PTA at 6.546 million, closed at Rs7.95 with a gain of Re0.36, followed by D G Khan Cement at 25.34 million, closed at 25.34 with a gain of Rs1.02, and Jah Sidique at 3.323 million, closed at Rs10.98 with a gain of Re0.15. The analysts said, Absence of buyers however disallowed execution of the strategy, slow meltdown however continued, while specific group stocks did display strength by opening higher and witnessing hand shift at the opening levels during the session. They said post result sell-off in the stock made life difficult for the sellers, since buyers in the stock were tough to find, the equation at one point was such, thus forcing the index to undergo under a swift melt down. They added that, with not much in offing the locals awaited assessment of the ongoing flooding that is expected to re-hit certain areas in the early days of next week, thus making it a tough to access damage to the economy and to the listed companies. They informed that some will face both infrastructural and revenue losses while some might be spared the former. Thereby disallowing confident placement even in consistent dividend yielding stocks. They further said while once the flooding comes to an end and the river meets the sea, stocks having potential of continuing dividend flows can be accumulated at discounted levels. They added that frequent stagnation, shallowness and low volatility will disallow increase in number of participants, while those active will most probably follow the international trend, by placing themselves in a more safer asset class. They said however preference for them is likely to stay gold while the locals mainly the frequent movers, are likely to find comfort in US $, at least until the regulators decide to develop the local bourse, the link established between badla update and market movement, forces the view that indeed.