KARACHI - A bullish activity witnessed at KSE as market once crossed 10,000 psychological level intraday led by oil scrips followed by banks and brokerage sector on stronger valuations. The KSE 100-index opened in green zone with a gain of 26.20 points and at the end of the day closed at 9954.41 with a gain of 58.95 points. KSE 30-index closed at 10503.19 with a gain of 60.82 points. All shares index closed at 7050.38 with a gain of 40.29 points. Trading activity was better as compared to the last trading session as the ready market volume stands at 218.146m as compared to last trading session 175.506m. Future market volume however stands at 1.553m shares as compared to 2.277m shares last trading session. Market capitalisation stands over Rs 2.861tr, as total trades increases to 102,644 as compared to last trading session 92,593, while 214 companies advanced, 175 declined and 17 remained unchanged. Highest volumes were witnessed in LOPTA at 41.178m closed at Rs 10.31 with a gain of Re 0.76 followed by JSCL at 23.883m closed at Rs 33.10 with a gain of Rs 1.49, TRG at 23.427m closed at Rs 2.93 with a gain of Re0.31 Ahsan Mehanti, a market analyst, said rebound in international oil prices near to $78, rise in local DAP prices, limited foreign interest in fertilizer, oil and banking scrips and strong retail interest in second, third tier scrips played a catalyst role in positive activity at KSE. The news that affected the trading activities at KSE were refineries may reject proposed oil pricing formula devised by a committee on oil pricing; BankIslami proposes merger with Emirates Global; April may see 6pc swell in power prices. Moreover, FBR said the revenue target of Rs1380b set for the current fiscal year (FY10) will be achieved; and mutual funds dip 4.4pc MoM also have an impact on the market. Hasnain Asghar Ali at Aziz Fidahusein said low priced, undervalued and penny stocks along with investment (securities) cos kept the turnover ticking besides offering handful-trading opportunities to the market men, Lotte contributed 20pc to the total turnover. Events likely to influence the market movement, unveiling of corporate results, decision on user friendly leverage product, upcoming monetary policy, currency stability various other economic issues and political developments, with majority events likely to stay volatile, caution is advised, when selecting stocks for investments, short term trading activities will however keep coming, he added.